Anglo-Eastern Plantations (LON:AEP) Sets New 52-Week High - Time to Buy?

Key Points

• Anglo-Eastern Plantations' shares reached a new 52-week high of GBX 1,385 ($18.48) during recent trading, reflecting a 2.6% increase from their previous close.
• The company has strong liquidity metrics, evidenced by a quick ratio of 5.67 and a current ratio of 6.64, alongside a low debt-to-equity ratio of 0.18.
• Insider ownership is notable, as executives have purchased 2,000 shares worth $2,355,000 in recent transactions, representing 53.92% of the company's stock held by insiders.

Shares of Anglo-Eastern Plantations Plc (LON:AEP - ) reached a new 52-week high during trading on Friday . The stock traded as high as GBX 1,385 ($18.48) and last traded at GBX 1,385 ($18.48), with a volume of 73647 shares traded. The stock had previously closed at GBX 1,350 ($18.02).

Anglo-Eastern Plantations Trading Up 2.6%

The company has a quick ratio of 5.67, a current ratio of 6.64 and a debt-to-equity ratio of 0.18. The company's fifty day moving average price is GBX 1,130.74 and its two-hundred day moving average price is GBX 899.90. The firm has a market cap of £543.68 million, a PE ratio of 619.02 and a beta of 0.50.

Insider Transactions at Anglo-Eastern Plantations

In other Anglo-Eastern Plantations news, insider Marcus Chan bought 1,000 shares of the business's stock in a transaction dated Tuesday, August 19th. The stock was acquired at an average cost of GBX 1,140 per share, with a total value of £11,400. In the last 90 days, insiders purchased 2,000 shares of company stock worth $2,355,000. Insiders own 53.92% of the company's stock.

Anglo-Eastern Plantations Company Profile

Anglo-Eastern Plantations Plc, together with its subsidiaries, owns, operates, and develops agriculture plantations in Indonesia and Malaysia. The company primarily produces crude palm oil, palm kernels, shell nuts, fresh fruit bunches, biomass, and biogas products, as well as rubber slabs. It also operates biogas plants that generates and sells surplus electricity to the national grid.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.