Camellia (LON:CAM) Stock Crosses Below 200-Day Moving Average – Here’s Why

Camellia Plc (LON:CAM) shares passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 5,447.48 and traded as low as GBX 4,820. Camellia shares last traded at GBX 5,050, with a volume of 22 shares.

Camellia Stock Up 3.1%

The stock has a fifty day simple moving average of GBX 4,975.95 and a two-hundred day simple moving average of GBX 5,446.41. The firm has a market cap of £127.66 million, a PE ratio of -44.21 and a beta of 0.47. The company has a current ratio of 2.61, a quick ratio of 1.03 and a debt-to-equity ratio of 11.59.

About Camellia

Camellia Plc is the ultimate holding company of a group of agricultural businesses incorporated in jurisdictions across the world (the ‘Operating Companies’), while also owning and operating other assets outside of agriculture.

The Operating Companies, which have well-established and industrial-scale operations, collectively own and manage circa 50,000 hectares of mature land across seven countries (Bangladesh, Brazil, India, Kenya, Malawi, South Africa, and Tanzania).

The majority of the Group’s revenue is derived from the growing of tea, avocado, macadamia and arable crops.