Empiric Student Property (LON:ESP) Stock Crosses Below 50-Day Moving Average - What's Next?

Key Points

• The stock price of Empiric Student Property Plc crossed below its 50-day moving average for the first time, indicating potential concern among investors.
• Analysts forecast that the company will report an EPS of 5.33 for the current fiscal year, despite its recent performance dip.
• Empiric Student Property operates primarily in the premium student accommodation market, focusing on direct-let properties near key UK universities.

Empiric Student Property Plc (LON:ESP - Get Free Report)'s stock price passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 99.06 ($1.34) and traded as low as GBX 91.20 ($1.23). Empiric Student Property shares last traded at GBX 92.10 ($1.24), with a volume of 2,422,967 shares trading hands.

Empiric Student Property Trading Up 2.0%

The business has a fifty day simple moving average of GBX 98.51 and a 200 day simple moving average of GBX 91.69. The stock has a market cap of £620.68 million, a price-to-earnings ratio of 10.52, a PEG 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 Thursday, August 14th. The company reported GBX 2.20 EPS for the quarter. Empiric Student Property had a net margin of 65.69% and a return on equity of 7.23%. As a group, equities analysts anticipate 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.