Zambeef Products (LON:ZAM) Share Price Crosses Below 200-Day Moving Average – Here’s What Happened

Zambeef Products PLC (LON:ZAM)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 4.55 and traded as low as GBX 3.70. Zambeef Products shares last traded at GBX 4.30, with a volume of 37,736 shares traded.

Zambeef Products Price Performance

The company has a fifty day moving average price of GBX 4.71 and a two-hundred day moving average price of GBX 4.55. The company has a current ratio of 1.08, a quick ratio of 0.39 and a debt-to-equity ratio of 48.34. The firm has a market cap of £11.57 million, a P/E ratio of 0.07 and a beta of -0.48.

About Zambeef Products

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.