Picton Property Income (LON:PCTN) Shares Cross Below 200 Day Moving Average – Here’s What Happened

Picton Property Income Limited (LON:PCTN)’s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 69.46 ($0.86) and traded as low as GBX 66.20 ($0.82). Picton Property Income shares last traded at GBX 66.20 ($0.82), with a volume of 1,866,883 shares.

Picton Property Income Trading Up 0.2 %

The company has a quick ratio of 2.25, a current ratio of 3.74 and a debt-to-equity ratio of 43.63. The stock has a market capitalization of £361.97 million, a P/E ratio of -6,630.00 and a beta of 0.42. The firm’s 50-day simple moving average is GBX 63.80 and its 200 day simple moving average is GBX 69.46.

Picton Property Income (LON:PCTN) last released its earnings results on Tuesday, November 12th. The company reported GBX 2.10 ($0.03) EPS for the quarter. Picton Property Income had a negative net margin of 8.76% and a negative return on equity of 0.89%. Equities research analysts anticipate that Picton Property Income Limited will post 4.2620137 EPS for the current fiscal year.

Picton Property Income Company Profile

Established in 2005, Picton is listed on the main market of the London Stock Exchange and is a constituent of a number of EPRA indices including the FTSE EPRA Nareit Global Index.

Picton owns and actively manages a £718 million UK commercial property portfolio, invested across 48 assets and with around 350 occupiers (as at 30 June 2024).

Through an occupier focused, opportunity led approach, Picton aims to be one of the consistently best performing diversified UK REITs and has delivered upper quartile outperformance and a consistently higher income return than the MSCI Quarterly Property Index since launch.