Anglo-Eastern Plantations (LON:AEP) Stock Price Crosses Below 200-Day Moving Average – Should You Sell?

Anglo-Eastern Plantations Plc (LON:AEP)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1,449.11 and traded as low as GBX 170. Anglo-Eastern Plantations shares last traded at GBX 180, with a volume of 516,286 shares changing hands.

Anglo-Eastern Plantations Stock Performance

The firm has a market capitalization of £690.47 million, a price-to-earnings ratio of 7.78 and a beta of 0.13. The company has a debt-to-equity ratio of 0.09, a quick ratio of 5.67 and a current ratio of 8.69. The company has a 50 day moving average price of GBX 1,102.21 and a two-hundred day moving average price of GBX 1,449.11.

Anglo-Eastern Plantations announced that its Board of Directors has approved a stock repurchase program on Monday, July 6th that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s board believes its shares are undervalued.

Anglo-Eastern Plantations Company Profile

Anglo-Eastern Plantations Plc, quoted on the London Stock Exchange, owns, operates and develops plantations in Indonesia and Malaysia, which produce mainly palm oil and some rubber. The Group is committed to responsible development and management of its plantations and facilities for the benefit of the environment and society in which it operates in.