Anglo-Eastern Plantations (LON:AEP) Shares Cross Above 50-Day Moving Average - Here's Why

Key Points

• Anglo-Eastern Plantations Plc's stock price has risen above its 50-day moving average of GBX 1,102.88, currently trading at GBX 1,355 ($18.31).
• The company maintains a market capitalization of £529.94 million and a notably high price-to-earnings ratio of 603.38.
• Insiders own 53.92% of the company's stock, with recent purchases totaling 2,000 shares valued at $2,355,000 in the last 90 days.

Anglo-Eastern Plantations Plc (LON:AEP - )'s stock price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 1,102.88 ($14.91) and traded as high as GBX 1,355 ($18.31). Anglo-Eastern Plantations shares last traded at GBX 1,355 ($18.31), with a volume of 48,651 shares.

Anglo-Eastern Plantations Trading Down 0.4%

The stock has a market capitalization of £529.94 million, a price-to-earnings ratio of 603.38 and a beta of 0.50. The company has a 50 day moving average of GBX 1,102.88 and a 200 day moving average of GBX 887.06. 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 that occurred on Thursday, August 21st. The stock was purchased at an average price of GBX 1,200 per share, with a total value of £6,000. In the last 90 days, insiders have bought 2,000 shares of company stock valued at $2,355,000. 53.92% of the stock is currently owned by insiders.

About Anglo-Eastern Plantations

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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