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Anglo-Eastern Plantations (LON:AEP) Share Price Crosses Above 200 Day Moving Average - What's Next?

Anglo-Eastern Plantations logo with Consumer Defensive background

Key Points

  • Anglo-Eastern Plantations' share price rose above its 200-day moving average of GBX 943.12, trading as high as GBX 1,360.61.
  • The company has a market capitalization of £525.85 million and a high P/E ratio of 601.05, indicating potential overvaluation.
  • Insiders own 53.92% of the stock and have recently invested £6,000 in share purchases, suggesting confidence in the company's future.
  • MarketBeat previews top five stocks to own in November.

Anglo-Eastern Plantations Plc (LON:AEP - Get Free Report)'s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 943.12 ($12.64) and traded as high as GBX 1,360.61 ($18.24). Anglo-Eastern Plantations shares last traded at GBX 1,350 ($18.09), with a volume of 19,194 shares.

Anglo-Eastern Plantations Price Performance

The company has a market capitalization of £525.85 million, a P/E ratio of 601.05 and a beta of 0.50. The firm's fifty day moving average is GBX 1,216.23 and its 200 day moving average is GBX 943.12. The company has a debt-to-equity ratio of 0.18, a quick ratio of 5.67 and a current ratio of 6.64.

Insider Transactions at Anglo-Eastern Plantations

In related news, insider Marcus Chan acquired 500 shares of the stock in a transaction on Thursday, August 21st. The stock was bought at an average cost of GBX 1,200 per share, with a total value of £6,000. Over the last three months, insiders have bought 2,000 shares of company stock valued at $2,355,000. 53.92% of the stock is owned by insiders.

About Anglo-Eastern Plantations

(Get Free Report)

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.

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