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Zambeef Products (LON:ZAM) Stock Passes Below 200-Day Moving Average - Here's What Happened

Zambeef Products logo with Consumer Defensive background

Key Points

  • Zambeef Products PLC shares dropped 7.5% and crossed below their 200-day moving average during trading, with recent trades at GBX 3.70 ($0.05).
  • The company has a market capitalization of £395 million and a P/E ratio of 3.57, indicating potential undervaluation in the market.
  • Zambeef operates in the agri-business sector, providing various products such as beef, chicken, dairy, and flour across Zambia, Nigeria, and Ghana.
  • Looking to export and analyze Zambeef Products data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Zambeef Products PLC (LON:ZAM - Get Free Report) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 4.16 ($0.06) and traded as low as GBX 3.70 ($0.05). Zambeef Products shares last traded at GBX 3.70 ($0.05), with a volume of 54,354 shares changing hands.

Zambeef Products Trading Down 4.9%

The business has a 50-day moving average of GBX 3.90 and a 200 day moving average of GBX 4.16. The stock has a market cap of £400.98 million, a PE ratio of 3.63 and a beta of -0.48. The company has a debt-to-equity ratio of 48.34, a quick ratio of 0.39 and a current ratio of 1.08.

Zambeef Products Company Profile

(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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