Zambeef Products (LON:ZAM) Shares Pass Above 200-Day Moving Average – Here’s Why

Zambeef Products PLC (LON:ZAM)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 4.66 and traded as high as GBX 4.80. Zambeef Products shares last traded at GBX 4.80, with a volume of 39,200 shares.

Zambeef Products Trading Up 6.7%

The firm has a market cap of £14.43 million, a PE ratio of 0.09 and a beta of -0.48. The business has a fifty day moving average price of GBX 4.65 and a 200 day moving average price of GBX 4.66. The company has a current ratio of 1.09, a quick ratio of 0.39 and a debt-to-equity ratio of 37.58.

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.