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

R.E.A. Holdings plc (LON:RE) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 72.67 ($0.96) and traded as low as GBX 72.50 ($0.96). R.E.A. shares last traded at GBX 72.50 ($0.96), with a volume of 600 shares changing hands.

R.E.A. Stock Down 2.7%

The stock’s 50 day simple moving average is GBX 67.87 and its two-hundred day simple moving average is GBX 72.67. The firm has a market cap of £39.50 million, a P/E ratio of 12.07, a P/E/G ratio of 0.82 and a beta of 0.51. The company has a debt-to-equity ratio of 97.73, a current ratio of 1.26 and a quick ratio of 1.04.

About R.E.A.

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.