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

Zambeef Products PLC (LON:ZAM)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 4.19 ($0.05) and traded as high as GBX 4.50 ($0.06). Zambeef Products shares last traded at GBX 4.50 ($0.06), with a volume of 260,096 shares traded.

Zambeef Products Price Performance

The stock has a market capitalization of £480.41 million, a PE ratio of 4.35 and a beta of -0.48. The stock’s 50 day moving average price is GBX 4.21 and its 200-day moving average price is GBX 4.19. The company has a quick ratio of 0.39, a current ratio of 1.08 and a debt-to-equity ratio of 48.34.

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.