Picton Property Income (LON:PCTN) Shares Pass Below Two Hundred Day Moving Average - Here's Why

Picton Property Income Limited (LON:PCTN - Get Free Report) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 69.18 ($0.87) and traded as low as GBX 65.20 ($0.82). Picton Property Income shares last traded at GBX 65.60 ($0.83), with a volume of 1,687,462 shares trading hands.

Picton Property Income Stock Up 1.5 %

The firm's 50-day moving average is GBX 63.38 and its 200 day moving average is GBX 69. The company has a debt-to-equity ratio of 40.36, a quick ratio of 2.25 and a current ratio of 3.48. The firm has a market capitalization of £361.75 million, a P/E ratio of 44.84 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.