Tritax Big Box REIT (LON:BBOX) Stock Price Passes Below 200-Day Moving Average - Time to Sell?

Tritax Big Box REIT plc (LON:BBOX - Get Free Report)'s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 138.94 ($1.89) and traded as low as GBX 138.80 ($1.88). Tritax Big Box REIT shares last traded at GBX 139.40 ($1.89), with a volume of 5,475,112 shares traded.

Analyst Upgrades and Downgrades

BBOX has been the topic of a number of recent research reports. Jefferies Financial Group reaffirmed a "buy" rating and set a GBX 189 ($2.56) price objective on shares of Tritax Big Box REIT in a research note on Monday, March 3rd. Shore Capital restated a "buy" rating on shares of Tritax Big Box REIT in a report on Wednesday, May 7th.

Tritax Big Box REIT Stock Up 1.0%

The firm has a market cap of £3.52 billion, a PE ratio of 18.55, a PEG ratio of 2.05 and a beta of 0.89. The company has a debt-to-equity ratio of 43.99, a quick ratio of 0.42 and a current ratio of 0.54. The company's 50-day simple moving average is GBX 139.17 and its two-hundred day simple moving average is GBX 138.99.

Tritax Big Box REIT (LON:BBOX - Get Free Report) last posted its earnings results on Friday, February 28th. The company reported GBX 8.05 ($0.11) earnings per share for the quarter. Tritax Big Box REIT had a net margin of 60.46% and a return on equity of 4.04%. On average, analysts predict that Tritax Big Box REIT plc will post 8.9700057 earnings per share for the current fiscal year.

About Tritax Big Box REIT

Tritax Big Box REIT plc ticker: BBOX is the largest listed investor in high-quality logistics warehouse assets and controls the largest logistics-focused land platform in the UK. BBOX is committed to delivering attractive and sustainable returns for Shareholders by investing in and actively managing existing built investments and land suitable for logistics development.