Life Science REIT (LON:LABS) Trading 1.1% Higher – Here’s Why

Life Science REIT plc (LON:LABSGet Free Report)’s share price rose 1.1% on Wednesday . The company traded as high as GBX 38 and last traded at GBX 37.90. Approximately 1,248,661 shares traded hands during mid-day trading, an increase of 57% from the average daily volume of 796,912 shares. The stock had previously closed at GBX 37.50.

Life Science REIT Price Performance

The stock’s 50 day moving average price is GBX 38.22 and its two-hundred day moving average price is GBX 40.74. The firm has a market capitalization of £132.65 million, a price-to-earnings ratio of -4.31 and a beta of 0.08.

Life Science REIT (LON:LABSGet Free Report) last posted its earnings results on Tuesday, September 23rd. The company reported GBX (8.50) earnings per share (EPS) for the quarter. Life Science REIT had a negative return on equity of 14.53% and a negative net margin of 198.99%.

About Life Science REIT

(Get Free Report)

Life Science REIT plc (the Company) is a closed-ended Real Estate Investment Trust (REIT) incorporated in England and Wales on 27 July 2021. The Company began trading on 19 November 2021 and its shares are admitted to trading on the Premium Listing Segment of the Main Market of the London Stock Exchange.

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