LondonMetric Property (LON:LMP) Shares Cross Below Two Hundred Day Moving Average - Here's Why

Shares of LondonMetric Property Plc (LON:LMP - Get Free Report) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 187.46 ($2.56) and traded as low as GBX 2.05 ($0.03). LondonMetric Property shares last traded at GBX 198.20 ($2.71), with a volume of 14,250,025 shares trading hands.

LondonMetric Property Price Performance

The stock has a market capitalization of £4.08 billion, a P/E ratio of 20.65, a price-to-earnings-growth ratio of 3.27 and a beta of 0.90. The business has a fifty day simple moving average of GBX 197.31 and a 200 day simple moving average of GBX 187.46. The company has a current ratio of 0.68, a quick ratio of 0.81 and a debt-to-equity ratio of 53.84.

LondonMetric Property (LON:LMP - Get Free Report) last announced its quarterly earnings results on Tuesday, May 20th. The company reported GBX 15.73 ($0.21) earnings per share (EPS) for the quarter. LondonMetric Property had a return on equity of 3.87% and a net margin of 66.69%. On average, analysts expect that LondonMetric Property Plc will post 13.7260274 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Andrew Jones sold 236,495 shares of the business's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of GBX 198 ($2.70), for a total transaction of £468,260.10 ($639,437.53). Also, insider Martin McGann sold 122,555 shares of the company's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of GBX 198 ($2.70), for a total transaction of £242,658.90 ($331,365.42). 6.29% of the stock is owned by insiders.

About LondonMetric Property

LondonMetric is a FTSE 100 REIT that owns and manages desirable real estate that meets occupiers demands and delivers reliable, repetitive and growing income-led returns and outperforms over the long term. As a real estate owner, we look to help occupiers, communities and stakeholders grow, thrive and revitalise in an evolving and complex world.

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