R.E.A. (LON:RE) Stock Price Crosses Below 200 Day Moving Average – Here’s Why

R.E.A. Holdings plc (LON:RE) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 116.59 and traded as low as GBX 108. R.E.A. shares last traded at GBX 110.50, with a volume of 56,564 shares changing hands.

R.E.A. Trading Down 3.1%

The company has a quick ratio of 1.04, a current ratio of 1.11 and a debt-to-equity ratio of 78.03. The stock has a market capitalization of £60.20 million, a P/E ratio of 18.40, a P/E/G ratio of 0.82 and a beta of 0.37. The firm’s 50 day simple moving average is GBX 110.81 and its two-hundred day simple moving average is GBX 116.59.

R.E.A. Company Profile

R.E.A. Holdings plc engages in the cultivation of oil palms in the province of East Kalimantan in Indonesia. It operates in two segments, the Cultivation of Oil Palms; and Stone, Sand and Coal Interests. The company also produces and sells crude palm oil and crude palm kernel oil. In addition, it is involved in the production and sale of crushed stone; coal and sand mining; and generation of renewable energy from its methane capture plants. Further, the company holds interests in stone and sand deposits, and coal mining concessions located in East Kalimantan.