Empiric Student Property (LON:ESP) Stock Crosses Below 50-Day Moving Average – Here’s Why

Shares of Empiric Student Property Plc (LON:ESP) crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 83.20 ($1.04) and traded as low as GBX 82.60 ($1.03). Empiric Student Property shares last traded at GBX 82.70 ($1.03), with a volume of 767,797 shares.

Empiric Student Property Price Performance

The company has a current ratio of 1.45, a quick ratio of 1.06 and a debt-to-equity ratio of 53.27. The stock has a market capitalization of £500.91 million, a PE ratio of 922.22, a PEG ratio of 2.03 and a beta of 1.05. The business has a fifty day moving average price of GBX 83.20 and a 200-day moving average price of GBX 90.81.

About Empiric Student Property

Empiric Student Property plc is a leading provider and operator of modern, predominantly direct-let, premium student accommodation serving key UK universities.
Investing in both operating and development assets, Empiric is a fully integrated operational student property business focused on premium studio-led accommodation managed through its Hello Student® operating platform, that is attractive to affluent growing student segments.
The Company, an internally managed real estate investment trust (“REIT”) incorporated in England and Wales, listed on the premium listing segment of the Official List of the Financial Conduct Authority and was admitted to trading on the main market for listed securities of the London Stock Exchange in June 2014.