Anglo-Eastern Plantations (LON:AEP) Stock Crosses Above 50 Day Moving Average - Here's What Happened

Key Points

• Anglo-Eastern Plantations' stock price crossed above its 50-day moving average during trading, reaching a high of GBX 1,330 ($17.88) before closing at GBX 1,285 ($17.27).
• The company has a market capitalization of £484.88 million and a low debt-to-equity ratio of 0.18, indicating strong financial health.
• Insider Marcus Chan purchased 1,000 shares at an average price of GBX 1,140, contributing to a total of 2,000 shares bought by insiders recently, suggesting confidence in the company.

Anglo-Eastern Plantations Plc (LON:AEP - )'s stock price passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 1,269.33 ($17.06) and traded as high as GBX 1,330 ($17.88). Anglo-Eastern Plantations shares last traded at GBX 1,285 ($17.27), with a volume of 26,790 shares traded.

Anglo-Eastern Plantations Stock Down 3.5%

The firm has a market capitalization of £484.88 million, a price-to-earnings ratio of 554.21 and a beta of 0.50. The stock has a 50 day moving average of GBX 1,269.33 and a 200 day moving average of GBX 966.91. The company has a quick ratio of 5.67, a current ratio of 6.64 and a debt-to-equity ratio of 0.18.

Insider Activity at Anglo-Eastern Plantations

In other Anglo-Eastern Plantations news, insider Marcus Chan acquired 1,000 shares of the firm's stock in a transaction on Tuesday, August 19th. The stock was purchased at an average price of GBX 1,140 per share, with a total value of £11,400. In the last ninety days, insiders purchased 2,000 shares of company stock valued at $2,355,000. 53.92% of the stock is currently owned by company 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.

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.