Unite Group (LON:UTG) Reaches New 1-Year Low - Here's What Happened

Key Points

• Unite Group PLC shares hit a new 52-week low of GBX 738 ($9.86) during trading, reflecting a decline of 1.8% from the previous close of GBX 757 ($10.11).
• The company reported 38 GBX ($0.51) earnings per share for the latest quarter, with a high net margin of 79.68% and a return on equity of 6.45%.
• Unite is the largest owner and manager of student accommodation in the UK, providing homes to 70,000 students across 157 properties in key university cities.

Unite Group PLC (LON:UTG - Get Free Report)'s stock price hit a new 52-week low during trading on Thursday . The company traded as low as GBX 738 ($9.86) and last traded at GBX 741.50 ($9.91), with a volume of 1035838 shares traded. The stock had previously closed at GBX 757 ($10.11).

Unite Group Stock Down 1.8%

The company's fifty day simple moving average is GBX 818.72 and its 200-day simple moving average is GBX 830.25. The company has a debt-to-equity ratio of 38.76, a current ratio of 1.58 and a quick ratio of 0.73. The firm has a market capitalization of £3.61 billion, a PE ratio of 11.97, a price-to-earnings-growth ratio of 3.20 and a beta of 1.24.

Unite Group (LON:UTG - Get Free Report) last posted its earnings results on Tuesday, July 29th. The company reported GBX 38 ($0.51) earnings per share (EPS) for the quarter. Unite Group had a net margin of 79.68% and a return on equity of 6.45%. On average, analysts forecast that Unite Group PLC will post 47.9341004 EPS for the current year.

Unite Group Company Profile

Unite Students is the UK's largest owner, manager and developer of purpose-built student accommodation, serving the country's world-leading Higher Education sector. We provide homes to 70,000 students across 157 properties in 23 leading university towns and cities. We currently partner with over 60 universities across the UK.

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