Unite Group (LON:UTG) Hits New 12-Month Low – Time to Sell?

Unite Group PLC (LON:UTGGet Free Report)’s share price reached a new 52-week low on Thursday . The company traded as low as GBX 780.50 ($9.53) and last traded at GBX 794 ($9.69), with a volume of 1228390 shares trading hands. The stock had previously closed at GBX 795.50 ($9.71).

Unite Group Stock Performance

The stock has a 50 day moving average of GBX 837.24 and a two-hundred day moving average of GBX 902.02. The stock has a market capitalization of £3.87 billion, a PE ratio of 1,298.74, a P/E/G ratio of 3.20 and a beta of 1.24. The company has a debt-to-equity ratio of 38.52, a current ratio of 1.58 and a quick ratio of 0.73.

Insiders Place Their Bets

In other news, insider Michael Burt purchased 11,874 shares of the firm’s stock in a transaction dated Thursday, November 14th. The shares were acquired at an average price of GBX 838 ($10.23) per share, with a total value of £99,504.12 ($121,494.65). Insiders own 0.30% of the company’s stock.

Unite Group Company Profile

(Get Free Report)

Unite Students is the UK’s largest owner, manager and developer of purpose-built student accommodation, serving the country’s world-leading Higher Education sector. We provide homes to 70,000 students across 157 properties in 23 leading university towns and cities. We currently partner with over 60 universities across the UK.

Further Reading

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