Empiric Student Property (LON:ESP) Stock Price Crosses Below 50 Day Moving Average – Should You Sell?

Empiric Student Property Plc (LON:ESP) shares crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 76.67 and traded as low as GBX 76. Empiric Student Property shares last traded at GBX 76.50, with a volume of 501,987 shares trading hands.

Empiric Student Property Price Performance

The business has a fifty day moving average of GBX 76.67 and a two-hundred day moving average of GBX 88.33. 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 firm has a market capitalization of £508.10 million, a price-to-earnings ratio of 17.79, a price-to-earnings-growth 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.