Anglo-Eastern Plantations (LON:AEP) Shares Cross Above 50 Day Moving Average - Time to Sell?

Key Points

• Anglo-Eastern Plantations shares have surpassed their fifty-day moving average, indicating upward momentum in the stock price.
• The stock last traded at GBX 1,150 ($15.53), significantly higher than its fifty-day moving average of GBX 903.99 ($12.21).
• The company, which operates agriculture plantations primarily in Indonesia and Malaysia, has a market capitalization of £574.94 million and a low debt-to-equity ratio of 0.18.

Shares of Anglo-Eastern Plantations Plc (LON:AEP - Get Free Report) passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 903.99 ($12.22) and traded as high as GBX 1,160 ($15.68). Anglo-Eastern Plantations shares last traded at GBX 1,150 ($15.55), with a volume of 53,849 shares traded.

Anglo-Eastern Plantations Stock Performance

The stock's 50-day moving average price is GBX 934.25 and its 200 day moving average price is GBX 798.88. The company has a debt-to-equity ratio of 0.18, a current ratio of 6.64 and a quick ratio of 5.67. The firm has a market cap of £624.94 million, a P/E ratio of 9.67 and a beta of 0.50.

Insiders Place Their Bets

In other news, insider Marcus Chan bought 1,000 shares of the stock in a transaction that occurred on Tuesday, August 19th. The shares were acquired at an average cost of GBX 1,140 per share, for a total transaction of £11,400. Insiders have acquired 2,000 shares of company stock worth $2,355,000 in the last 90 days. 70.46% of the stock is currently owned by insiders.

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.