PPHE Hotel Group (LON:PPH) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

PPHE Hotel Group Limited (LON:PPH)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1,274.79 ($16.04) and traded as high as GBX 1,327 ($16.70). PPHE Hotel Group shares last traded at GBX 1,310 ($16.48), with a volume of 23,342 shares changing hands.

PPHE Hotel Group Stock Down 0.4 %

The firm’s 50 day simple moving average is GBX 1,329.35 and its 200 day simple moving average is GBX 1,274.79. The company has a market cap of £547.42 million, a price-to-earnings ratio of 25.20 and a beta of 1.11. The company has a quick ratio of 1.19, a current ratio of 0.98 and a debt-to-equity ratio of 390.56.

About PPHE Hotel Group

PPHE Hotel Group is an international hospitality real estate company, with a £2.2 billion portfolio, valued as at December 2023 by Savills and Zagreb nekretnine Ltd (ZANE), of primarily prime freehold and long leasehold assets in Europe.

Through its subsidiaries, jointly controlled entities and associates it owns, co-owns, develops, leases, operates and franchises hospitality real estate.