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Zambeef Products (LON:ZAM) Stock Passes Above Two Hundred Day Moving Average - Here's Why

Zambeef Products logo with Consumer Defensive background

Zambeef Products PLC (LON:ZAM - Get Free Report) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 4.07 ($0.05) and traded as high as GBX 4.30 ($0.06). Zambeef Products shares last traded at GBX 4.30 ($0.06), with a volume of 175,103 shares changing hands.

Zambeef Products Stock Performance

The company has a quick ratio of 0.39, a current ratio of 1.08 and a debt-to-equity ratio of 48.34. The company has a 50 day simple moving average of GBX 4.40 and a 200-day simple moving average of GBX 4.07. The stock has a market capitalization of £459.06 million, a price-to-earnings ratio of 4.15 and a beta of -0.48.

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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