Zambeef Products (LON:ZAM) Hits New 12-Month High – Should You Buy?

Zambeef Products PLC (LON:ZAM)’s stock price hit a new 52-week high on Monday . The company traded as high as GBX 5.50 and last traded at GBX 5.50, with a volume of 655949 shares trading hands. The stock had previously closed at GBX 5.

Zambeef Products Stock Up 4.8%

The firm has a market cap of £33.50 million, a P/E ratio of 0.08 and a beta of -0.48. The firm’s 50 day moving average is GBX 4.92 and its two-hundred day moving average is GBX 4.85. The company has a current ratio of 0.93, a quick ratio of 0.39 and a debt-to-equity ratio of 38.21.

Zambeef Products Company Profile

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.