Anglo-Eastern Plantations (LON:AEP) Shares Pass Above 50 Day Moving Average – Here’s What Happened

Anglo-Eastern Plantations Plc (LON:AEP)’s stock price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 646.84 ($8.15) and traded as high as GBX 720 ($9.07). Anglo-Eastern Plantations shares last traded at GBX 718 ($9.05), with a volume of 36,273 shares trading hands.

Anglo-Eastern Plantations Price Performance

The stock’s 50 day moving average price is GBX 646.84 and its two-hundred day moving average price is GBX 650.52. The company has a debt-to-equity ratio of 0.18, a current ratio of 6.64 and a quick ratio of 5.67. The firm has a market capitalization of £283.54 million, a price-to-earnings ratio of 629.82 and a beta of 0.50.

About Anglo-Eastern Plantations

Anglo-Eastern Plantations Plc, together with its subsidiaries, owns, operates, and develops agriculture plantations in Indonesia and Malaysia. The company primarily produces crude palm oil, palm kernels, shell nuts, fresh fruit bunches, biomass, and biogas products, as well as rubber slabs. It also operates biogas plants that generates and sells surplus electricity to the national grid.