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

Shares of R.E.A. Holdings plc (LON:RE) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 80.03 ($1.00) and traded as low as GBX 72 ($0.90). R.E.A. shares last traded at GBX 73.25 ($0.91), with a volume of 50,676 shares traded.

R.E.A. Trading Down 2.3 %

The company has a debt-to-equity ratio of 73.19, a quick ratio of 1.04 and a current ratio of 1.26. The firm has a market cap of £32.11 million, a price-to-earnings ratio of -1,831.25, a PEG ratio of 0.82 and a beta of 0.51. The business has a fifty day simple moving average of GBX 74.63 and a 200-day simple moving average of GBX 80.03.

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.