Zambeef Products (LON:ZAM) Shares Cross Above 200-Day Moving Average – Time to Sell?

Zambeef Products PLC (LON:ZAM) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 4.49 and traded as high as GBX 4.77. Zambeef Products shares last traded at GBX 4.77, with a volume of 120,000 shares.

Zambeef Products Stock Up 7.1%

The company has a quick ratio of 0.39, a current ratio of 1.08 and a debt-to-equity ratio of 48.34. The stock has a market cap of £14.32 million, a P/E ratio of 0.08 and a beta of -0.48. The company’s 50 day moving average price is GBX 4.76 and its two-hundred day moving average price is GBX 4.49.

Zambeef Products Company Profile

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. It is also involved in the row cropping operations primarily maize, soya beans, and wheat with approximately 14,530 hectares of row crops under irrigation and 7,924 hectares of rain-fed/dry-land crops.