Zambeef Products (LON:ZAM) Stock Passes Above 200 Day Moving Average – Should You Sell?

Zambeef Products PLC (LON:ZAMGet Free Report) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 4.68 and traded as high as GBX 4.80. Zambeef Products shares last traded at GBX 4.80, with a volume of 61 shares traded.

Zambeef Products Price Performance

The stock has a market cap of £13.83 million, a price-to-earnings ratio of 0.08 and a beta of -0.48. The stock has a fifty day moving average of GBX 4.60 and a 200 day moving average of GBX 4.69. The company has a debt-to-equity ratio of 37.58, a current ratio of 1.09 and a quick ratio of 0.39.

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. It is also involved in the row cropping operations primarily maize, soya beans, and wheat with approximately 14,530 hectares of row crops under irrigation and 7,924 hectares of rain-fed/dry-land crops.

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