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

Life Science REIT plc (LON:LABS)’s share price traded up 1.1% during mid-day trading on Friday . The company traded as high as GBX 38.22 and last traded at GBX 38.20. 539,080 shares were traded during mid-day trading, a decline of 33% from the average session volume of 806,943 shares. The stock had previously closed at GBX 37.80.

Life Science REIT Trading Up 1.1%

The company has a 50 day simple moving average of GBX 37.65 and a 200 day simple moving average of GBX 40.05. The stock has a market cap of £133.70 million, a P/E ratio of -4.34 and a beta of 0.08.

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

About Life Science REIT

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.