Zambeef Products (LON:ZAM) Stock Price Breaks Above 200 Day Moving Average – What’s Next?

Zambeef Products PLC (LON:ZAM – Get Free Report) shares crossed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of GBX 5.01 and traded as high as GBX 5.49. Zambeef Products shares last traded at GBX 5.49, with a volume of 16 shares.

Zambeef Products Price Performance

The stock has a market cap of £33.50 million, a P/E ratio of 0.08 and a beta of -0.48. The company has a current ratio of 0.93, a quick ratio of 0.39 and a debt-to-equity ratio of 38.21. The company’s fifty day simple moving average is GBX 5.19 and its 200-day simple moving average is GBX 5.02.

About Zambeef Products

(Get Free Report)

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.

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