R.E.A. (LON:RE) Share Price Passes Below Two Hundred Day Moving Average – Time to Sell?

R.E.A. Holdings plc (LON:RE)’s stock price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 117.14 and traded as low as GBX 106. R.E.A. shares last traded at GBX 111, with a volume of 33,099 shares changing hands.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reiterated a “speculative buy” rating and set a GBX 260 price target on shares of R.E.A. in a report on Friday, June 19th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, R.E.A. currently has a consensus rating of “Buy” and a consensus price target of GBX 260.

R.E.A. Price Performance

The company has a current ratio of 1.11, a quick ratio of 1.04 and a debt-to-equity ratio of 78.03. The company has a market cap of £60.20 million, a P/E ratio of 18.40, a PEG ratio of 0.82 and a beta of 0.44. The business’s fifty day moving average is GBX 114.79 and its 200 day moving average is GBX 117.14.

About R.E.A.

R.E.A. Holdings plc engages in the cultivation of oil palms in the province of East Kalimantan in Indonesia. It operates in two segments, the Cultivation of Oil Palms; and Stone, Sand and Coal Interests. The company also produces and sells crude palm oil and crude palm kernel oil. In addition, it is involved in the production and sale of crushed stone; coal and sand mining; and generation of renewable energy from its methane capture plants. Further, the company holds interests in stone and sand deposits, and coal mining concessions located in East Kalimantan.