R.E.A. (LON:RE) Stock Price Passes Below 200 Day Moving Average – Here’s What Happened

R.E.A. Holdings plc (LON:RE) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 74.04 ($0.99) and traded as low as GBX 65 ($0.87). R.E.A. shares last traded at GBX 67.50 ($0.90), with a volume of 49,000 shares traded.

R.E.A. Price Performance

The business has a 50-day simple moving average of GBX 67.80 and a 200-day simple moving average of GBX 74.04. The company has a quick ratio of 1.04, a current ratio of 1.26 and a debt-to-equity ratio of 97.73. The stock has a market cap of £36.77 million, a P/E ratio of 11.24, a PEG ratio of 0.82 and a beta of 0.51.

R.E.A. Company Profile

R.E.A. Holdings plc engages in the cultivation of oil palms in the province of East Kalimantan in Indonesia. It operates in two segments, the Cultivation of Oil Palms; and Stone, Sand and Coal Interests. The company also produces and sells crude palm oil and crude palm kernel oil. In addition, it is involved in the production and sale of crushed stone; coal and sand mining; and generation of renewable energy from its methane capture plants.