Phoenix Spree Deutschland (LON:PSDL) Stock Crosses Above 50 Day Moving Average – Here’s Why

Shares of Phoenix Spree Deutschland Limited (LON:PSDLGet Free Report) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 170.33 and traded as high as GBX 171.45. Phoenix Spree Deutschland shares last traded at GBX 169, with a volume of 30,434 shares.

Phoenix Spree Deutschland Stock Performance

The firm has a market capitalization of £155.19 million, a P/E ratio of -24.14 and a beta of 0.76. The company has a 50 day simple moving average of GBX 170.33 and a two-hundred day simple moving average of GBX 170.27.

About Phoenix Spree Deutschland

(Get Free Report)

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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