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

Zambeef Products PLC (LON:ZAMGet Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 4.08 ($0.05) and traded as high as GBX 4.60 ($0.06). Zambeef Products shares last traded at GBX 4.60 ($0.06), with a volume of 74,540 shares.

Zambeef Products Stock Performance

The company’s fifty day simple moving average is GBX 4.50 and its 200 day simple moving average is GBX 4.08. The stock has a market capitalization of £491.09 million, a P/E ratio of 4.44 and a beta of -0.48. The company has a current ratio of 1.08, a quick ratio of 0.39 and a debt-to-equity ratio of 48.34.

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.

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