R.E.A. (LON:RE) Stock Price Passes Below 200 Day Moving Average – Here’s Why

Shares of R.E.A. Holdings plc (LON:REGet Free Report) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 117.31 and traded as low as GBX 110.75. R.E.A. shares last traded at GBX 117.50, with a volume of 120,424 shares traded.

R.E.A. Stock Up 4.9%

The company has a debt-to-equity ratio of 78.03, a current ratio of 1.11 and a quick ratio of 1.04. The business’s 50 day simple moving average is GBX 114.70 and its 200 day simple moving average is GBX 117.31. The company has a market capitalization of £64.01 million, a PE ratio of 19.56, a P/E/G ratio of 0.82 and a beta of 0.45.

About R.E.A.

(Get Free Report)

R.E.A. Holdings plc engages in the cultivation of oil palms in the province of East Kalimantan in Indonesia. It operates in two segments, the Cultivation of Oil Palms; and Stone, Sand and Coal Interests. The company also produces and sells crude palm oil and crude palm kernel oil. In addition, it is involved in the production and sale of crushed stone; coal and sand mining; and generation of renewable energy from its methane capture plants. Further, the company holds interests in stone and sand deposits, and coal mining concessions located in East Kalimantan.

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