Zambeef Products (LON:ZAM) Share Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Zambeef Products PLC (LON:ZAM)’s share price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 4.70 and traded as low as GBX 4.58. Zambeef Products shares last traded at GBX 4.80, with a volume of 54,746 shares traded.

Zambeef Products Price Performance

The company has a market capitalization of £14.43 million, a P/E ratio of 0.09 and a beta of -0.48. The stock’s fifty day simple moving average is GBX 4.59 and its 200-day simple moving average is GBX 4.70. The company has a debt-to-equity ratio of 37.58, a current ratio of 1.09 and a quick ratio of 0.39.

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.