Empiric Student Property (LON:ESP) Share Price Crosses Below 50-Day Moving Average – Here’s What Happened

Empiric Student Property Plc (LON:ESP) shares crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 82.78 ($1.04) and traded as low as GBX 80 ($1.01). Empiric Student Property shares last traded at GBX 82.30 ($1.04), with a volume of 4,877,045 shares changing hands.

Empiric Student Property Stock Up 1.5 %

The company has a debt-to-equity ratio of 53.27, a current ratio of 1.45 and a quick ratio of 1.06. The company has a market cap of £545.16 million, a PE ratio of 9.24, a P/E/G ratio of 2.03 and a beta of 1.05. The business’s 50 day moving average is GBX 82.78 and its 200-day moving average is GBX 89.72.

Empiric Student Property Company Profile

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.