Zambeef Products (LON:ZAM) Share Price Passes Below 200 Day Moving Average – Time to Sell?

Zambeef Products PLC (LON:ZAM) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 4.83 and traded as low as GBX 4.76. Zambeef Products shares last traded at GBX 4.76, with a volume of 2,250 shares changing hands.

Zambeef Products Stock Performance

The company has a debt-to-equity ratio of 38.21, a quick ratio of 0.39 and a current ratio of 0.93. The stock has a market capitalization of £28.99 million, a price-to-earnings ratio of 0.07 and a beta of -0.48. The business has a fifty day simple moving average of GBX 4.93 and a 200 day simple moving average of GBX 4.83.

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.