First Property Group (LON:FPO) Stock Crosses Below 50 Day Moving Average – Here’s Why

First Property Group plc (LON:FPO)’s share price passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 18.03 and traded as low as GBX 16.10. First Property Group shares last traded at GBX 16.10, with a volume of 28,875 shares trading hands.

First Property Group Stock Up 0.6%

The company has a market capitalization of £23.80 million, a price-to-earnings ratio of 10.59 and a beta of 0.45. The company has a debt-to-equity ratio of 22.87, a current ratio of 0.48 and a quick ratio of 0.97. The firm’s fifty day moving average price is GBX 18.03 and its 200-day moving average price is GBX 16.35.

First Property Group (LON:FPO) last released its quarterly earnings data on Thursday, November 27th. The company reported GBX 0.79 earnings per share for the quarter. First Property Group had a negative return on equity of 5.93% and a negative net margin of 31.04%. Sell-side analysts expect that First Property Group plc will post 0.2694795 earnings per share for the current fiscal year.

About First Property Group

First Property Group plc is an award winning property fund manager and investor with operations in the United Kingdom and Central Europe. The Group’s focus is on higher yielding commercial property with sustainable cash flows. The company is flexible and takes an active approach to asset management. Its earnings are derived from:

1. Fund management – via its FCA regulated and AIFMD approved subsidiary, First Property Asset Management Ltd (FPAM), which earns fees from investing for third parties in property.