TR Property Investment Trust (LON:TRY) Stock Crosses Below 200 Day Moving Average - Here's What Happened

Key Points

• The shares of TR Property Investment Trust plc have crossed below their 200-day moving average, which is currently at GBX 319.20 ($4.30), with the stock last trading at GBX 315.53 ($4.25).
• The company has a market cap of £999.37 million and a notably high price-to-earnings ratio of -3,640.57.
• TR Property Investment Trust is a closed-ended equity mutual fund focused on investing in real estate sector stocks in European public equity markets.

Shares of TR Property Investment Trust plc (LON:TRY - ) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 319.20 ($4.30) and traded as low as GBX 315.50 ($4.25). TR Property Investment Trust shares last traded at GBX 315.53 ($4.25), with a volume of 770,941 shares traded.

TR Property Investment Trust Price Performance

The business's 50 day moving average is GBX 321.13 and its 200 day moving average is GBX 319.20. The stock has a market cap of £999.37 million, a price-to-earnings ratio of -3,640.57 and a beta of 0.93.

About TR Property Investment Trust

TR Property Investment Trust plc is a closed-ended equity mutual fund launched by F&C Investment Business Ltd. The fund is managed by Thames River Capital LLP. It invests in public equity markets of Europe. The fund seeks to invest in stocks of companies that are operating in the real estate sector.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.