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Hammerson (LON:HMSO) Shares Cross Above 200-Day Moving Average - Here's Why

Hammerson logo with Real Estate background

Hammerson Plc (LON:HMSO - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 269.95 ($3.64) and traded as high as GBX 272.60 ($3.67). Hammerson shares last traded at GBX 267.40 ($3.60), with a volume of 740,921 shares trading hands.

Hammerson Stock Up 0.9%

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 company has a market cap of £1.39 billion, a price-to-earnings ratio of -51.88, a P/E/G ratio of 1.68 and a beta of 2.30. The firm's 50 day simple moving average is GBX 252.75 and its 200-day simple moving average is GBX 269.63.

Hammerson (LON:HMSO - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The real estate investment trust reported GBX 19.90 ($0.27) EPS for the quarter. Hammerson had a negative net margin of 346.30% and a negative return on equity of 25.94%. As a group, sell-side analysts anticipate that Hammerson Plc will post 20.7491639 earnings per share for the current year.

Insider Activity at Hammerson

In related news, insider Habib Annous bought 55,050 shares of the company's stock in a transaction on Monday, March 3rd. The stock was bought at an average cost of GBX 270 ($3.64) per share, with a total value of £148,635 ($200,235.75). Also, insider Himanshu Raja sold 44,509 shares of the stock in a transaction dated Friday, April 4th. The shares were sold at an average price of GBX 239 ($3.22), for a total transaction of £106,376.51 ($143,306.63). 77.21% of the stock is owned by insiders.

Hammerson Company Profile

(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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