Zambeef Products (LON:ZAM) Shares Cross Below Two Hundred Day Moving Average – Here’s Why

Zambeef Products PLC (LON:ZAMGet Free Report) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 4.56 ($0.06) and traded as low as GBX 3.60 ($0.04). Zambeef Products shares last traded at GBX 3.78 ($0.05), with a volume of 440,000 shares.

Zambeef Products Stock Up 5.3 %

The company has a market cap of £12.02 million, a P/E ratio of 400.00 and a beta of -0.48. The company has a debt-to-equity ratio of 44.46, a current ratio of 1.04 and a quick ratio of 0.39. The business’s 50 day moving average price is GBX 3.61 and its 200-day moving average price is GBX 4.54.

About Zambeef Products

(Get Free Report)

Zambeef Products PLC, together with its subsidiaries, engages in the agri-businesses in Zambia, Nigeria, and Ghana. It operates through Retailing and Cold Chain Food Products and Cropping and Milling segments. The company engages in the production, processing, distribution, and retailing of beef, chicken, pork, milk, dairy products, eggs, edible oils, stock feed, and flour.

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