Camellia (LON:CAM) Shares Cross Below 200-Day Moving Average – Here’s Why

Shares of Camellia Plc (LON:CAM) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 5,318.56 and traded as low as GBX 4,801.20. Camellia shares last traded at GBX 4,920, with a volume of 143 shares trading hands.

Camellia Trading Up 1.0%

The company has a 50 day moving average of GBX 4,965.36 and a 200-day moving average of GBX 5,316.52. The stock has a market cap of £124.38 million, a price-to-earnings ratio of -43.07 and a beta of 0.47. The company has a debt-to-equity ratio of 11.90, a quick ratio of 1.03 and a current ratio of 2.36.

Camellia Company Profile

Camellia Plc is the ultimate holding company of a group of agricultural businesses incorporated in jurisdictions across the world (the ‘Operating Companies’), while also owning and operating other assets outside of agriculture.

The Operating Companies, which have well-established and industrial-scale operations, collectively own and manage circa 50,000 hectares of mature land across seven countries (Bangladesh, Brazil, India, Kenya, Malawi, South Africa, and Tanzania).

The majority of the Group’s revenue is derived from the growing of tea, avocado, macadamia and arable crops.