Empiric Student Property (LON:ESP) Share Price Crosses Above 50 Day Moving Average - Here's What Happened

Empiric Student Property Plc (LON:ESP - Get Free Report)'s share price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 92.09 ($1.25) and traded as high as GBX 105.60 ($1.43). Empiric Student Property shares last traded at GBX 102.74 ($1.39), with a volume of 9,452,104 shares.

Empiric Student Property Stock Up 1.6%

The company's fifty day moving average price is GBX 92.81 and its 200-day moving average price is GBX 86.55. The stock has a market cap of £675.66 million, a P/E ratio of 11.46, a price-to-earnings-growth ratio of 2.03 and a beta of 1.05. The company has a debt-to-equity ratio of 53.27, a quick ratio of 1.06 and a current ratio of 1.45.

Empiric Student Property (LON:ESP - Get Free Report) last released its earnings results on Friday, March 14th. The company reported GBX 4 ($0.05) earnings per share (EPS) for the quarter. Empiric Student Property had a net margin of 65.69% and a return on equity of 7.23%. Equities analysts forecast that Empiric Student Property Plc will post 5.330033 EPS for the current year.

Empiric Student Property Company Profile

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.