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

R.E.A. Holdings plc (LON:RE) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 116.21 and traded as low as GBX 103. R.E.A. shares last traded at GBX 107, with a volume of 31,569 shares changing hands.

Wall Street Analyst Weigh In

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

R.E.A. Stock Up 1.9%

The company has a debt-to-equity ratio of 78.03, a current ratio of 1.11 and a quick ratio of 1.04. The firm’s 50 day moving average price is GBX 112.30 and its two-hundred day moving average price is GBX 116.21. The firm has a market cap 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.

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