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Picton Property Income (LON:PCTN) Share Price Crosses Below 200 Day Moving Average - Time to Sell?

Picton Property Income logo with Real Estate background

Key Points

  • Picton Property Income's stock price has recently crossed below its 200-day moving average, indicating potential concerns for investors as it trades at GBX 74 ($1.00).
  • Insider Michael Morris sold 92,909 shares of the company at an average price of GBX 80, raising questions about insider confidence in the stock.
  • Picton Property Income has a market capitalization of £385.28 million and maintains strong liquidity ratios, with a current ratio of 3.48.
  • Five stocks to consider instead of Picton Property Income.

Picton Property Income Limited (LON:PCTN - Get Free Report) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 74.52 ($1.02) and traded as low as GBX 73 ($1.00). Picton Property Income shares last traded at GBX 74 ($1.01), with a volume of 812,991 shares changing hands.

Picton Property Income Price Performance

The company has a market cap of £401.42 million, a P/E ratio of 1,133.82 and a beta of 0.42. The company has a fifty day moving average price of GBX 76.56 and a two-hundred day moving average price of GBX 74.89. The company has a debt-to-equity ratio of 40.36, a quick ratio of 2.25 and a current ratio of 3.48.

Insider Transactions at Picton Property Income

In related news, insider Michael Morris sold 92,909 shares of the firm's stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of GBX 80, for a total value of £74,327.20. Company insiders own 0.74% of the company's stock.

About Picton Property Income

(Get Free Report)

Established in 2005, Picton is listed on the main market of the London Stock Exchange and is a constituent of a number of EPRA indices including the FTSE EPRA Nareit Global Index. Picton owns and actively manages a £718 million UK commercial property portfolio, invested across 48 assets and with around 350 occupiers (as at 30 June 2024). Through an occupier focused, opportunity led approach, Picton aims to be one of the consistently best performing diversified UK REITs and has delivered upper quartile outperformance and a consistently higher income return than the MSCI Quarterly Property Index since launch.

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