Zambeef Products (LON:ZAM) Stock Price Crosses Above 200-Day Moving Average – Here’s Why

Zambeef Products PLC (LON:ZAMGet Free Report)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 4.22 ($0.05) and traded as high as GBX 4.50 ($0.06). Zambeef Products shares last traded at GBX 4.50 ($0.06), with a volume of 23,000 shares changing hands.

Zambeef Products Stock Performance

The firm has a market cap of £475.07 million, a P/E ratio of 4.30 and a beta of -0.48. The firm’s fifty day moving average is GBX 4.12 and its two-hundred day moving average is GBX 4.22. The company has a quick ratio of 0.39, a current ratio of 1.08 and a debt-to-equity ratio of 48.34.

Zambeef Products Company Profile

(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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