Picton Property Income (LON:PCTN) Stock Passes Below Two Hundred Day Moving Average – What’s Next?

Picton Property Income Limited (LON:PCTN)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 68.83 ($0.87) and traded as low as GBX 64 ($0.81). Picton Property Income shares last traded at GBX 65.20 ($0.83), with a volume of 1,237,872 shares.

Picton Property Income Stock Performance

The firm has a market capitalization of £349.84 million, a price-to-earnings ratio of 43.36 and a beta of 0.42. The company has a 50-day moving average of GBX 63.43 and a 200-day moving average of GBX 68.83. The company has a current ratio of 3.48, a quick ratio of 2.25 and a debt-to-equity ratio of 40.36.

Picton Property Income Company Profile

Established in 2005, Picton is listed on the main market of the London Stock Exchange and is a constituent of a number of EPRA indices including the FTSE EPRA Nareit Global Index.

Picton owns and actively manages a £718 million UK commercial property portfolio, invested across 48 assets and with around 350 occupiers (as at 30 June 2024).

Through an occupier focused, opportunity led approach, Picton aims to be one of the consistently best performing diversified UK REITs and has delivered upper quartile outperformance and a consistently higher income return than the MSCI Quarterly Property Index since launch.