Standard Life Investments Property Income Trust (LON:SLI) Stock Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Shares of Standard Life Investments Property Income Trust Limited (LON:SLI) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 79 ($1.03) and traded as high as GBX 79.80 ($1.04). Standard Life Investments Property Income Trust shares last traded at GBX 79 ($1.03), with a volume of 413,432 shares traded.

Standard Life Investments Property Income Trust Stock Performance

The company has a market cap of £312.43 million and a P/E ratio of 3.67. The company has a 50 day moving average price of GBX 79 and a 200-day moving average price of GBX 79. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 27.74.

About Standard Life Investments Property Income Trust

The objective of the Company is to provide shareholders with an attractive level of income together with the prospect of income and capital growth. The Board intends to achieve the investment objective by investing in a diversified portfolio of UK commercial properties. The majority of the portfolio will be invested in direct holdings within the three main commercial property sectors of retail, office and industrial although the Company may also invest in other commercial property such as hotels, nursing homes and student housing.