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

Empiric Student Property Plc (LON:ESP - Get Free Report)'s share price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty 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 changing hands.

Empiric Student Property Stock Performance

The stock has a market capitalization of £665.06 million, a P/E ratio of 11.28, a PEG ratio of 2.03 and a beta of 1.05. The company has a debt-to-equity ratio of 53.27, a current ratio of 1.45 and a quick ratio of 1.06. The stock's 50-day simple moving average is GBX 92.09 and its 200 day simple moving average is GBX 86.36.

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