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

Picton Property Income Limited (LON:PCTN - Get Free Report) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 69.74 ($0.87) and traded as low as GBX 63.16 ($0.79). Picton Property Income shares last traded at GBX 65.20 ($0.81), with a volume of 1,175,581 shares trading hands.

Picton Property Income Stock Performance

The stock has a market capitalization of £345.05 million, a P/E ratio of -6,320.00 and a beta of 0.42. The stock has a 50 day simple moving average of GBX 64.07 and a two-hundred day simple moving average of GBX 69.65. The company has a quick ratio of 2.25, a current ratio of 3.74 and a debt-to-equity ratio of 43.63.

Picton Property Income (LON:PCTN - Get Free Report) last released its quarterly earnings data on Tuesday, November 12th. The company reported GBX 2.10 ($0.03) EPS for the quarter. Picton Property Income had a negative return on equity of 0.89% and a negative net margin of 8.76%. On average, equities analysts forecast that Picton Property Income Limited will post 4.2620137 EPS for the current fiscal year.

About Picton Property Income

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.