R.E.A. (LON:RE) Shares Cross Below Two Hundred Day Moving Average – Should You Sell?

R.E.A. Holdings plc (LON:RE)’s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 115.55 and traded as low as GBX 108. R.E.A. shares last traded at GBX 108, with a volume of 53,612 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reiterated a “speculative buy” rating and issued a GBX 260 price target on shares of R.E.A. in a research note on Friday, June 19th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of GBX 260.

R.E.A. Stock Performance

The company has a quick ratio of 1.04, a current ratio of 1.11 and a debt-to-equity ratio of 78.03. The stock’s fifty day moving average is GBX 110.57 and its two-hundred day moving average is GBX 115.43. The firm has a market capitalization of £59.38 million, a price-to-earnings ratio of 18.15, a P/E/G ratio of 0.82 and a beta of 0.45.

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. Further, the company holds interests in stone and sand deposits, and coal mining concessions located in East Kalimantan.