Empiric Student Property (LON:ESP) Sets New 12-Month Low – What’s Next?

Empiric Student Property Plc (LON:ESP) shares reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as GBX 72.10 and last traded at GBX 75.20, with a volume of 1605046 shares changing hands. The stock had previously closed at GBX 75.50.

Empiric Student Property Trading Up 0.8%

The firm has a market cap of £508.77 million, a price-to-earnings ratio of 17.81, a price-to-earnings-growth ratio of 2.03 and a beta of 1.05. The company’s 50-day moving average price is GBX 77.21 and its 200-day moving average price is GBX 89.42. The company has a quick ratio of 1.06, a current ratio of 1.45 and a debt-to-equity ratio of 53.27.

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.