Shares of Phoenix Spree Deutschland Limited (LON:PSDL – Get Free Report) dropped 2.3% during mid-day trading on Wednesday. The company traded as low as GBX 129 and last traded at GBX 130. Approximately 41,361 shares traded hands during trading, a decline of 45% from the average daily volume of 75,536 shares. The stock had previously closed at GBX 133.
Phoenix Spree Deutschland Price Performance
The firm has a fifty day simple moving average of GBX 141.58 and a 200 day simple moving average of GBX 161.23. The company has a market capitalization of £110.49 million, a price-to-earnings ratio of -32.50 and a beta of 0.73.
About Phoenix Spree Deutschland
Phoenix Spree Deutschland Limited is an investment company founded in 2007 and listed on the premium segment of the London Stock Exchange. It is a long-term investor in Berlin rental property, committed to improving the quality of accommodation for its tenants. Over the past thirteen years, the Company has assembled an attractive portfolio of real estate assets which the Directors believe offers investors the potential for both reliable income as well as capital growth. QSix (formerly PMM Group) has acted as the Property Advisor since the Company’s inception.
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