Picton Property Income (LON:PCTN) Stock Price Crosses Below 200 Day Moving Average - What's Next?

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.

Picton Property Income Limited (LON:PCTN - Get Free Report)'s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 74.52 ($1.01) and traded as low as GBX 73 ($0.99). Picton Property Income shares last traded at GBX 74 ($1.00), with a volume of 812,991 shares trading hands.

Picton Property Income Trading Up 0.4%

The firm has a market capitalization of £394.65 million, a P/E ratio of 1,114.71 and a beta of 0.42. The company has a quick ratio of 2.25, a current ratio of 3.48 and a debt-to-equity ratio of 40.36. The firm's 50-day simple moving average is GBX 76.67 and its 200-day simple moving average is GBX 74.65.

Insider Activity at Picton Property Income

In other Picton Property Income news, insider Michael Morris sold 142,225 shares of Picton Property Income stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of GBX 80, for a total transaction of £113,780. Company insiders own 0.74% of the company's stock.

About Picton Property Income

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.