LondonMetric Property Plc (OTCMKTS:LNSPF – Get Free Report)’s stock price dropped 1.7% on Tuesday . The company traded as low as $2.4375 and last traded at $2.4375. Approximately 627 shares traded hands during trading, a decline of 91% from the average daily volume of 7,293 shares. The stock had previously closed at $2.48.
LondonMetric Property Trading Down 1.7%
The firm’s fifty day simple moving average is $2.51 and its 200-day simple moving average is $2.57.
About LondonMetric Property
LondonMetric Property PLC is a UK-based real estate investment trust (REIT) that specializes in the acquisition, management and development of distribution warehouses, retail parks and community retail assets. The company seeks properties with strong income characteristics and potential for asset enhancement through refurbishment, redevelopment or active leasing strategies. Its portfolio spans a range of sectors, including logistics facilities serving major e-commerce and retail clients, as well as supermarket-anchored retail parks and neighborhood retail schemes.
Established in 2007 through the merger of two specialist property companies, LondonMetric has grown its portfolio primarily across the United Kingdom and Ireland.
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