Sirius Real Estate (LON:SRE) Shares Cross Below 200 Day Moving Average – Here’s Why

Sirius Real Estate Limited (LON:SRE)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 96.41 ($1.25) and traded as low as GBX 91 ($1.18). Sirius Real Estate shares last traded at GBX 91 ($1.18), with a volume of 8,199,256 shares changing hands.

Sirius Real Estate Stock Performance

The company has a current ratio of 1.87, a quick ratio of 1.49 and a debt-to-equity ratio of 69.81. The stock has a market cap of £1.37 billion, a PE ratio of 1,300.00 and a beta of 1.18. The business’s 50-day moving average price is GBX 96.49 and its 200-day moving average price is GBX 96.41.

Insiders Place Their Bets

In other news, insider Andrew Coombs sold 1,008,700 shares of the stock in a transaction on Thursday, September 26th. The stock was sold at an average price of GBX 98 ($1.27), for a total transaction of £988,526 ($1,281,968.62). Corporate insiders own 1.95% of the company’s stock.

Sirius Real Estate Company Profile

Sirius is a property company listed on the main market and premium segment of the London Stock Exchange and the main board of the Johannesburg Stock Exchange. It is a leading operator of branded business parks providing conventional space and flexible workspace in Germany. The Company’s core strategy is the acquisition of business parks at attractive yields, the integration of these business parks into its network of sites under the Company’s own name as well as offering a range of branded products within those sites, and the reconfiguration and upgrade of existing and vacant space to appeal to the local market, through intensive asset management and investment.