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Phoenix Spree Deutschland (LON:PSDL) Shares Cross Above Fifty Day Moving Average - Here's Why

Phoenix Spree Deutschland logo with Real Estate background

Phoenix Spree Deutschland Limited (LON:PSDL - Get Free Report)'s stock price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 163.48 ($2.20) and traded as high as GBX 168 ($2.26). Phoenix Spree Deutschland shares last traded at GBX 165.50 ($2.23), with a volume of 170,373 shares changing hands.

Phoenix Spree Deutschland Trading Down 0.3%

The firm has a 50-day moving average of GBX 163.84 and a 200 day moving average of GBX 165.20. The stock has a market capitalization of £180.85 million, a price-to-earnings ratio of -2.55 and a beta of 0.30.

About Phoenix Spree Deutschland

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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.

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