First Property Group (LON:FPO) Shares Pass Below 50 Day Moving Average – What’s Next?

Shares of First Property Group plc (LON:FPO) crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 17.69 and traded as low as GBX 16.50. First Property Group shares last traded at GBX 16.50, with a volume of 284,693 shares traded.

First Property Group Price Performance

The firm has a fifty day moving average of GBX 17.69 and a two-hundred day moving average of GBX 16.39. The stock has a market capitalization of £26.61 million, a P/E ratio of 11.84 and a beta of 0.45. The company has a debt-to-equity ratio of 22.87, a current ratio of 0.48 and a quick ratio of 0.97.

First Property Group (LON:FPO) last posted its earnings results on Thursday, November 27th. The company reported GBX 0.79 EPS for the quarter. First Property Group had a negative net margin of 31.04% and a negative return on equity of 5.93%. On average, analysts predict that First Property Group plc will post 0.2694795 EPS for the current year.

About First Property Group

First Property Group plc is an award winning property fund manager and investor with operations in the United Kingdom and Central Europe. The Group’s focus is on higher yielding commercial property with sustainable cash flows. The company is flexible and takes an active approach to asset management. Its earnings are derived from:

1. Fund management – via its FCA regulated and AIFMD approved subsidiary, First Property Asset Management Ltd (FPAM), which earns fees from investing for third parties in property.