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

Empiric Student Property Plc (LON:ESP) passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 76.67 and traded as low as GBX 76. Empiric Student Property shares last traded at GBX 76.50, with a volume of 501,987 shares traded.

Empiric Student Property Stock Down 0.3%

The company has a market capitalization of £508.10 million, a price-to-earnings ratio of 17.79, a price-to-earnings-growth ratio of 2.03 and a beta of 1.05. The firm’s 50 day moving average price is GBX 76.67 and its two-hundred day moving average price is GBX 88.44. The company has a current ratio of 1.45, a quick ratio of 1.06 and a debt-to-equity ratio of 53.27.

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.