Phoenix Spree Deutschland (LON:PSDL) Share Price Passes Below 50-Day Moving Average - What's Next?

Key Points

• Phoenix Spree Deutschland shares have crossed below their fifty-day moving average, trading as low as GBX 162.73 ($2.20), with a last trade at GBX 167.50 ($2.26).
• The stock experienced a 2.1% decline in value, reflecting ongoing volatility within the market and affecting its current trading trend.
• With a market cap of £179.21 million and a P/E ratio of -2.53, Phoenix Spree Deutschland is positioned as a long-term investor primarily in Berlin rental properties.

Shares of Phoenix Spree Deutschland Limited (LON:PSDL - Get Free Report) crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 166.29 ($2.22) and traded as low as GBX 162.73 ($2.17). Phoenix Spree Deutschland shares last traded at GBX 167.50 ($2.24), with a volume of 954,792 shares trading hands.

Phoenix Spree Deutschland Stock Performance

The company has a market capitalization of £178.12 million, a PE ratio of -2.51 and a beta of 0.30. The company's fifty day moving average is GBX 166.25 and its 200-day moving average is GBX 164.32.

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.