Phoenix Spree Deutschland (LON:PSDL) Shares Cross Below 50 Day Moving Average - Here's What Happened

Key Points

• Phoenix Spree Deutschland fell below its 50‑day moving average (50‑day MA GBX 171.24), trading as low as GBX 160.52 and last at GBX 161.50 on a volume of 55,070 shares.
• The stock has a market cap of £148.16 million, a 200‑day MA of GBX 167.27, a negative P/E of -5.77 and a low beta of 0.30, and the company is a London‑listed long‑term investor in Berlin rental property.

Phoenix Spree Deutschland Limited (LON:PSDL - ) passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 171.24 and traded as low as GBX 160.52. Phoenix Spree Deutschland shares last traded at GBX 161.50, with a volume of 55,070 shares trading hands.

Phoenix Spree Deutschland Stock Performance

The business has a fifty day moving average price of GBX 171.24 and a 200-day moving average price of GBX 167.27. The stock has a market capitalization of £148.16 million, a PE ratio of -5.77 and a beta of 0.30.

Phoenix Spree Deutschland Company Profile

Phoenix Spree Deutschland Limited is an investment company founded in 2007 and listed on the premium segment of the London Stock Exchange. It is a long-term investor in Berlin rental property, committed to improving the quality of accommodation for its tenants. Over the past thirteen years, the Company has assembled an attractive portfolio of real estate assets which the Directors believe offers investors the potential for both reliable income as well as capital growth. QSix (formerly PMM Group) has acted as the Property Advisor since the Company's inception.

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