Phoenix Spree Deutschland (LON:PSDL) Share Price Crosses Below 50 Day Moving Average - Here's Why

Key Points

• Phoenix Spree Deutschland shares have recently crossed below their 50-day moving average, indicating potential selling pressure, as the stock was last traded at GBX 165.50 ($2.20).
• The investment company specializes in Berlin rental properties and aims to improve tenant accommodation quality while offering reliable income and capital growth for investors.
• With a market cap of approximately £180.85 million and a P/E ratio of -2.55, the company is noted for its long-term real estate investments since its founding in 2007.

Phoenix Spree Deutschland Limited (LON:PSDL - Get Free Report)'s stock price crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 166.10 ($2.21) and traded as low as GBX 164 ($2.18). Phoenix Spree Deutschland shares last traded at GBX 165.50 ($2.20), with a volume of 77,862 shares.

Phoenix Spree Deutschland Stock Performance

The firm's 50 day moving average is GBX 166.10 and its 200-day moving average is GBX 164.24. The firm has a market cap of £182.49 million, a price-to-earnings ratio of -2.57 and a beta of 0.30.

About Phoenix Spree Deutschland

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.