Anglo-Eastern Plantations (LON:AEP) Stock Price Passes Below Two Hundred Day Moving Average – What’s Next?

Anglo-Eastern Plantations Plc (LON:AEP) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1,449.11 and traded as low as GBX 170. Anglo-Eastern Plantations shares last traded at GBX 180, with a volume of 516,286 shares trading hands.

Anglo-Eastern Plantations Stock Performance

The company has a market cap of £690.47 million, a price-to-earnings ratio of 7.78 and a beta of 0.13. The company has a quick ratio of 5.67, a current ratio of 8.69 and a debt-to-equity ratio of 0.09. The company’s 50-day moving average is GBX 1,102.21 and its 200 day moving average is GBX 1,449.11.

Anglo-Eastern Plantations announced that its board has initiated a stock repurchase program on Monday, July 6th that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

About Anglo-Eastern Plantations

Anglo-Eastern Plantations Plc, quoted on the London Stock Exchange, owns, operates and develops plantations in Indonesia and Malaysia, which produce mainly palm oil and some rubber. The Group is committed to responsible development and management of its plantations and facilities for the benefit of the environment and society in which it operates in.