Zambeef Products (LON:ZAM) Share Price Passes Below 200 Day Moving Average of $8.25

Zambeef Products PLC (LON:ZAM – Get Rating)’s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 8.25 ($0.10) and traded as low as GBX 7.40 ($0.09). Zambeef Products shares last traded at GBX 7.40 ($0.09), with a volume of 690 shares.

Zambeef Products Trading Up 2.1 %

The company has a current ratio of 1.79, a quick ratio of 0.39 and a debt-to-equity ratio of 26.24. The stock has a market cap of £22.24 million, a P/E ratio of 283.33 and a beta of -0.22. The business’s fifty day simple moving average is GBX 7.68 and its 200 day simple moving average is GBX 8.25.

About Zambeef Products

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Zambeef Products PLC, together with its subsidiaries, engages in the agri-businesses in Zambia, Nigeria, and Ghana. 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 12,257 hectares of row crops under irrigation and 8,750 hectares of rain-fed/dry-land crops.