First Property Group (LON:FPO) Share Price Crosses Above 50 Day Moving Average – Here’s Why

First Property Group plc (LON:FPO) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 13.27 ($0.18) and traded as high as GBX 15.49 ($0.21). First Property Group shares last traded at GBX 14.50 ($0.20), with a volume of 35,613 shares trading hands.

First Property Group Stock Performance

The company has a debt-to-equity ratio of 22.87, a quick ratio of 0.97 and a current ratio of 0.48. The company has a market capitalization of £21.44 million, a P/E ratio of -6.71 and a beta of 0.45. The business’s fifty day simple moving average is GBX 13.27 and its 200-day simple moving average is GBX 13.51.

First Property Group (LON:FPO) last announced its quarterly earnings results on Thursday, June 19th. The company reported GBX 1.65 ($0.02) earnings per share (EPS) for the quarter. First Property Group had a negative net margin of 31.04% and a negative return on equity of 5.93%. As a group, equities analysts anticipate that First Property Group plc will post 0.2694795 earnings per share for the current fiscal year.

About First Property Group

First Property Group plc is an award winning property fund manager and investor with operations in the United Kingdom and Central Europe. The Group’s focus is on higher yielding commercial property with sustainable cash flows. The company is flexible and takes an active approach to asset management. Its earnings are derived from:

1.