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Zambeef Products (LON:ZAM) Share Price Passes Above 200 Day Moving Average - Here's Why

Zambeef Products logo with Consumer Defensive background

Zambeef Products PLC (LON:ZAM - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 4.14 ($0.05) and traded as high as GBX 4.55 ($0.06). Zambeef Products shares last traded at GBX 4.48 ($0.06), with a volume of 6,300 shares changing hands.

Zambeef Products Price Performance

The company's 50 day moving average price is GBX 4.43 and its 200 day moving average price is GBX 4.11. The firm has a market capitalization of £501.76 million, a P/E ratio of 4.54 and a beta of -0.48. The company has a debt-to-equity ratio of 48.34, a current ratio of 1.08 and a quick ratio of 0.39.

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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