Phoenix Spree Deutschland Limited (LON:PSDL – Get Free Report) shares dropped 2.3% on Wednesday. The company traded as low as GBX 129 and last traded at GBX 130. 41,361 shares changed hands during trading, a decline of 45% from the average daily volume of 75,536 shares. The stock had previously closed at GBX 133.
Phoenix Spree Deutschland Price Performance
The company’s 50-day simple moving average is GBX 141.04 and its 200-day simple moving average is GBX 161.03. The stock has a market capitalization of £109.21 million, a P/E ratio of -32.12 and a beta of 0.73.
Phoenix Spree Deutschland Company Profile
Phoenix Spree Deutschland Limited is an investment company founded in 2007 and listed on the premium segment of the London Stock Exchange. It is a long-term investor in Berlin rental property, committed to improving the quality of accommodation for its tenants. Over the past thirteen years, the Company has assembled an attractive portfolio of real estate assets which the Directors believe offers investors the potential for both reliable income as well as capital growth. QSix (formerly PMM Group) has acted as the Property Advisor since the Company’s inception.
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