Shares of Anglo-Eastern Plantations Plc (LON:AEP – Get Free Report) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1,449.11 and traded as low as GBX 170. Anglo-Eastern Plantations shares last traded at GBX 180, with a volume of 516,286 shares traded.
Anglo-Eastern Plantations Stock Performance
The company has a current ratio of 8.69, a quick ratio of 5.67 and a debt-to-equity ratio of 0.09. The company has a market cap of £673.59 million, a PE ratio of 7.59 and a beta of 0.13. The firm’s 50-day simple moving average is GBX 1,060.30 and its two-hundred day simple moving average is GBX 1,440.45.
Anglo-Eastern Plantations announced that its board has approved a stock buyback program on Monday, July 6th that authorizes the company to buyback 0 shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.
About Anglo-Eastern Plantations
Anglo-Eastern Plantations Plc, quoted on the London Stock Exchange, owns, operates and develops plantations in Indonesia and Malaysia, which produce mainly palm oil and some rubber. The Group is committed to responsible development and management of its plantations and facilities for the benefit of the environment and society in which it operates in.
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