Anglo-Eastern Plantations (LON:AEP) Shares Cross Below 50 Day Moving Average – Here’s What Happened

Shares of Anglo-Eastern Plantations Plc (LON:AEP) passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 670.46 ($8.44) and traded as low as GBX 630 ($7.93). Anglo-Eastern Plantations shares last traded at GBX 630 ($7.93), with a volume of 4,717 shares trading hands.

Anglo-Eastern Plantations Trading Down 4.5 %

The company has a debt-to-equity ratio of 0.18, a current ratio of 6.64 and a quick ratio of 5.67. The firm’s 50 day moving average price is GBX 670.46 and its 200 day moving average price is GBX 644.79. The stock has a market capitalization of £248.79 million, a P/E ratio of 552.63 and a beta of 0.50.

About Anglo-Eastern Plantations

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.