Anglo-Eastern Plantations (LON:AEP) Shares Pass Below 50-Day Moving Average – What’s Next?

Anglo-Eastern Plantations Plc (LON:AEP)’s stock price crossed 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 Stock Performance

The company has a quick ratio of 5.67, a current ratio of 6.64 and a debt-to-equity ratio of 0.18. The company has a market cap of £248.79 million, a P/E ratio of 552.63 and a beta of 0.50. The company’s 50-day moving average is GBX 669.66 and its two-hundred day moving average is GBX 644.68.

Anglo-Eastern Plantations Company Profile

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.