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Hammerson (LON:HMSO) Shares Cross Above Two Hundred Day Moving Average - Here's Why

Hammerson logo with Real Estate background

Hammerson Plc (LON:HMSO - Get Free Report)'s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 271.54 ($3.64) and traded as high as GBX 293.20 ($3.93). Hammerson shares last traded at GBX 286 ($3.84), with a volume of 599,372 shares changing hands.

Hammerson Stock Up 0.8%

The company has a market cap of £1.42 billion, a P/E ratio of -52.97, a PEG ratio of 1.68 and a beta of 2.30. The company has a debt-to-equity ratio of 80.77, a current ratio of 10.65 and a quick ratio of 1.28. The stock has a 50-day moving average of GBX 286.06 and a 200 day moving average of GBX 271.61.

Insider Activity at Hammerson

In other Hammerson news, insider Rita-Rose Gagné sold 97,037 shares of the business's stock in a transaction dated Thursday, June 19th. The stock was sold at an average price of GBX 292 ($3.92), for a total transaction of £283,348.04 ($380,077.85). 77.21% of the stock is currently owned by insiders.

About Hammerson

(Get Free Report)

Hammerson is a cities business. An owner, operator and developer of prime urban real estate, with a portfolio value of £4.7billion (as at 30 June 2023), in some of the fastest growing cities in the UK, Ireland and France. Our portfolio and adjacent lands leverage our experience and capabilities to create and manage exceptional city centre destinations with the opportunity to drive value and reshape entire neighbourhoods.

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