Picton Property Income (LON:PCTN) Shares Pass Below 200 Day Moving Average – Time to Sell?

Picton Property Income Limited (LON:PCTN)’s share price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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 traded.

Picton Property Income Stock Down 0.9 %

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

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.