Empiric Student Property (LON:ESP) Stock Price Passes Below 50-Day Moving Average - Here's What Happened

Key Points

• Empiric Student Property's stock price has fallen below its 50-day moving average, trading at GBX 92 ($1.24) compared to a 50-day average of GBX 97.97 ($1.32).
• The company's financial metrics include a quick ratio of 1.06, a current ratio of 1.45, and a debt-to-equity ratio of 53.27, indicating moderate financial health.
• Empiric Student Property reported an earnings per share (EPS) of GBX 2.20 for the last quarter, with analysts expecting a total of 5.33 EPS for the current fiscal year.

Empiric Student Property Plc (LON:ESP - Get Free Report)'s stock price passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 97.97 ($1.32) and traded as low as GBX 92 ($1.24). Empiric Student Property shares last traded at GBX 92 ($1.24), with a volume of 4,993,232 shares traded.

Empiric Student Property Stock Up 0.6%

The firm has a market capitalization of £603.29 million, a price-to-earnings ratio of 1,651.64, a price-to-earnings-growth ratio of 2.03 and a beta of 1.05. The company has a current ratio of 1.45, a quick ratio of 1.06 and a debt-to-equity ratio of 53.27. The firm has a 50 day moving average price of GBX 97.56 and a two-hundred day moving average price of GBX 92.

Empiric Student Property (LON:ESP - Get Free Report) last released its quarterly earnings data on Thursday, August 14th. The company reported GBX 2.20 earnings per share for the quarter. Empiric Student Property had a return on equity of 7.23% and a net margin of 65.69%. On average, equities analysts expect that Empiric Student Property Plc will post 5.330033 earnings per share for the current fiscal year.

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.