Derwent London (LON:DLN) Stock Price Crosses Below 200 Day Moving Average - Time to Sell?

Derwent London Plc (LON:DLN - Get Free Report) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 2,246.29 ($28.11) and traded as low as GBX 1,934 ($24.20). Derwent London shares last traded at GBX 1,971.21 ($24.67), with a volume of 131,819 shares traded.

Analyst Upgrades and Downgrades

Separately, Shore Capital raised Derwent London to a "buy" rating in a report on Wednesday, December 4th.

Derwent London Stock Performance

The company has a quick ratio of 0.38, a current ratio of 0.51 and a debt-to-equity ratio of 40.68. The firm has a market capitalization of £2.20 billion, a PE ratio of -610.28, a P/E/G ratio of 23.10 and a beta of 1.03. The firm's 50-day moving average price is GBX 2,090.93 and its two-hundred day moving average price is GBX 2,243.32.

Derwent London Company Profile

Derwent London plc owns 66 buildings in a commercial real estate portfolio predominantly in central London valued at £4.9 billion as at 31 December 2023, making it the largest London office-focused real estate investment trust (REIT). Our experienced team has a long track record of creating value throughout the property cycle by regenerating our buildings via development or refurbishment, effective asset management and capital recycling.