Empiric Student Property (LON:ESP) Share Price Crosses Above Fifty Day Moving Average – Here’s Why

Empiric Student Property Plc (LON:ESP)’s share price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 76.56 and traded as high as GBX 80.20. Empiric Student Property shares last traded at GBX 79.70, with a volume of 1,115,252 shares traded.

Empiric Student Property Trading Up 0.1%

The company’s 50 day moving average is GBX 76.56 and its 200 day moving average is GBX 85.83. The company has a debt-to-equity ratio of 53.27, a quick ratio of 1.06 and a current ratio of 1.45. The stock has a market capitalization of £529.36 million, a price-to-earnings ratio of 18.53, a PEG ratio of 2.03 and a beta of 1.05.

About Empiric Student Property

Empiric Student Property plc is a leading provider and operator of modern, predominantly direct-let, premium student accommodation serving key UK universities.
Investing in both operating and development assets, Empiric is a fully integrated operational student property business focused on premium studio-led accommodation managed through its Hello Student® operating platform, that is attractive to affluent growing student segments.
The Company, an internally managed real estate investment trust (“REIT”) incorporated in England and Wales, listed on the premium listing segment of the Official List of the Financial Conduct Authority and was admitted to trading on the main market for listed securities of the London Stock Exchange in June 2014.