Picton Property Income (LON:PCTN) Shares Cross Below 200-Day Moving Average - Here's What Happened

Shares of Picton Property Income Limited (LON:PCTN - Get Free Report) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 67.54 ($0.89) and traded as low as GBX 64.13 ($0.85). Picton Property Income shares last traded at GBX 64.60 ($0.85), with a volume of 856,305 shares.

Picton Property Income Stock Up 1.8 %

The company's fifty day simple moving average is GBX 67.73 and its 200 day simple moving average is GBX 67.45. The company has a quick ratio of 2.25, a current ratio of 3.48 and a debt-to-equity ratio of 40.36. The firm has a market capitalization of £384.71 million, a PE ratio of 47.68 and a beta of 0.42.

Picton Property Income Company Profile

Established in 2005, Picton is listed on the main market of the London Stock Exchange and is a constituent of a number of EPRA indices including the FTSE EPRA Nareit Global Index. Picton owns and actively manages a £718 million UK commercial property portfolio, invested across 48 assets and with around 350 occupiers (as at 30 June 2024). Through an occupier focused, opportunity led approach, Picton aims to be one of the consistently best performing diversified UK REITs and has delivered upper quartile outperformance and a consistently higher income return than the MSCI Quarterly Property Index since launch.