Empiric Student Property (LON:ESP) Share Price Passes Below 50 Day Moving Average – Here’s What Happened

Empiric Student Property Plc (LON:ESP) shares passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 97.50 ($1.27) and traded as low as GBX 93.70 ($1.22). Empiric Student Property shares last traded at GBX 94.40 ($1.23), with a volume of 1,863,060 shares changing hands.

Empiric Student Property Stock Performance

The stock has a market capitalization of £578.16 million, a P/E ratio of 1,064.44, a price-to-earnings-growth ratio of 2.03 and a beta of 1.05. The company has a current ratio of 1.45, a quick ratio of 1.06 and a debt-to-equity ratio of 53.27. The company has a 50-day moving average price of GBX 97.48 and a two-hundred day moving average price of GBX 94.54.

Empiric Student Property Announces Dividend

The firm also recently announced a dividend, which was paid on Friday, September 20th. Shareholders of record on Thursday, September 5th were issued a GBX 0.88 ($0.01) dividend. The ex-dividend date was Thursday, September 5th. This represents a yield of 0.89%. Empiric Student Property’s payout ratio is currently 4,444.44%.

Insiders Place Their Bets

In related news, insider Donald Grant purchased 20,876 shares of Empiric Student Property stock in a transaction on Thursday, October 17th. The stock was acquired at an average cost of GBX 95 ($1.24) per share, for a total transaction of £19,832.20 ($25,897.36). Company insiders own 0.34% of the company’s stock.

Empiric Student Property Company Profile

Empiric Student Property plc is a leading provider and operator of modern, predominantly direct-let, premium student accommodation serving key UK universities. Investing in both operating and development assets, Empiric is a fully integrated operational student property business focused on premium studio-led accommodation managed through its Hello Student operating platform, that is attractive to affluent growing student segments.