Picton Property Income (LON:PCTN) Stock Price Crosses Below 200 Day Moving Average – Should You Sell?

Picton Property Income Limited (LON:PCTN) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 69.18 ($0.87) and traded as low as GBX 65.20 ($0.82). Picton Property Income shares last traded at GBX 65.60 ($0.83), with a volume of 1,687,462 shares traded.

Picton Property Income Trading Down 0.4 %

The company has a quick ratio of 2.25, a current ratio of 3.48 and a debt-to-equity ratio of 40.36. The firm has a market cap of £353.83 million, a P/E ratio of 43.85 and a beta of 0.42. The firm’s 50-day simple moving average is GBX 63.43 and its 200 day simple moving average is GBX 69.18.

About Picton Property Income

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.