Picton Property Income (LON:PCTN) Share Price Passes Below Two Hundred Day Moving Average - What's Next?

Picton Property Income Limited (LON:PCTN - Get Free Report)'s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 68.26 ($0.89) and traded as low as GBX 67.26 ($0.87). Picton Property Income shares last traded at GBX 68.80 ($0.89), with a volume of 879,361 shares.

Picton Property Income Trading Up 0.2 %

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 business has a fifty day simple moving average of GBX 64.22 and a 200 day simple moving average of GBX 68.17. The company has a market cap of £380.50 million, a P/E ratio of 47.16 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.