SEGRO (OTCMKTS:SEGXF) Shares Down 0.8% - Here's Why

Key Points

• SEGRO's shares fell by 0.8% during mid-day trading, with the last trade recorded at $8.50. The company saw a trading volume decrease compared to its average daily volume.
• Deutsche Bank has maintained a "hold" rating on SEGRO shares, reflecting a cautious outlook on the company's performance.
• SEGRO is a UK Real Estate Investment Trust (REIT) that specializes in modern warehouses and industrial property, managing approximately 10.8 million square metres of space valued at £20.6 billion.

SEGRO (OTCMKTS:SEGXF - Get Free Report)'s stock price traded down 0.8% during mid-day trading on Monday . The company traded as low as $8.40 and last traded at $8.50. 338 shares traded hands during trading, a decline of 2% from the average session volume of 343 shares. The stock had previously closed at $8.57.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of SEGRO in a research note on Tuesday, May 13th.

SEGRO Stock Performance

The company has a debt-to-equity ratio of 0.38, a current ratio of 8.44 and a quick ratio of 8.44. The company has a 50-day moving average of $9.08 and a 200-day moving average of $8.94.

About SEGRO

SEGRO is a UK Real Estate Investment Trust (REIT), listed on the London Stock Exchange and Euronext Paris, and is a leading owner, manager and developer of modern warehouses and industrial property. It owns or manages 10.8 million square metres of space (116 million square feet) valued at £20.6 billion serving customers from a wide range of industry sectors.