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Zambeef Products (LON:ZAM) Share Price Passes Above 200-Day Moving Average - What's Next?

Zambeef Products logo with Consumer Defensive background

Key Points

  • The share price of Zambeef Products PLC (LON:ZAM) crossed above its 200-day moving average, reaching GBX 4.20 ($0.06) during trading.
  • The company has a market cap of £448.38 million and a P/E ratio of 4.06, indicating potential value for investors.
  • Zambeef Products operates in agri-business across Zambia, Nigeria, and Ghana, focusing on the production and retail of various food products including beef, chicken, and dairy.
  • Want stock alerts on Zambeef Products? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Zambeef Products PLC (LON:ZAM - Get Free Report)'s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 4.16 ($0.06) and traded as high as GBX 4.20 ($0.06). Zambeef Products shares last traded at GBX 4.20 ($0.06), with a volume of 295,206 shares trading hands.

Zambeef Products Stock Performance

The firm has a fifty day moving average of GBX 3.91 and a 200-day moving average of GBX 4.16. The stock has a market capitalization of £11.87 million, a price-to-earnings ratio of 10.28 and a beta of -0.48. The company has a quick ratio of 0.39, a current ratio of 1.08 and a debt-to-equity ratio of 48.34.

About Zambeef Products

(Get Free Report)

Zambeef Products PLC, together with its subsidiaries, engages in the agri-businesses in Zambia, Nigeria, and Ghana. It operates through Retailing and Cold Chain Food Products and Cropping and Milling segments. The company engages in the production, processing, distribution, and retailing of beef, chicken, pork, milk, dairy products, eggs, edible oils, stock feed, and flour.

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