Anglo-Eastern Plantations (LON:AEP) Shares Pass Above 50 Day Moving Average – Here’s Why

Anglo-Eastern Plantations Plc (LON:AEP)’s stock price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 1,307.31 and traded as high as GBX 1,405. Anglo-Eastern Plantations shares last traded at GBX 1,330, with a volume of 107,928 shares changing hands.

Anglo-Eastern Plantations Price Performance

The company has a market capitalization of £499.93 million, a price-to-earnings ratio of 5.71 and a beta of 0.50. The stock has a fifty day simple moving average of GBX 1,307.31 and a 200-day simple moving average of GBX 1,020.04. The company has a debt-to-equity ratio of 0.18, a current ratio of 6.64 and a quick ratio of 5.67.

Insider Buying and Selling at Anglo-Eastern Plantations

In other Anglo-Eastern Plantations news, insider Marcus Chan bought 1,000 shares of Anglo-Eastern Plantations stock in a transaction dated Tuesday, August 19th. The stock was acquired at an average cost of GBX 1,140 per share, with a total value of £11,400. Over the last three months, insiders purchased 2,000 shares of company stock worth $2,355,000. Corporate insiders own 53.92% of the company’s stock.

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.