Green Reit (LON:GRN) Share Price Passes Above 50-Day Moving Average – Here’s Why

Green Reit PLC (LON:GRN)’s stock price crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 1.84 ($0.02) and traded as high as GBX 1.84 ($0.02). Green Reit shares last traded at GBX 1.84 ($0.02), with a volume of 1,922,500 shares trading hands.

Green Reit Stock Down 1.4 %

The firm has a market capitalization of £12.87 million and a P/E ratio of 14.05. The company has a fifty day simple moving average of GBX 1.84 and a 200 day simple moving average of GBX 1.84. The company has a quick ratio of 1.70, a current ratio of 1.84 and a debt-to-equity ratio of 22.01.

Green Reit Company Profile

Green REIT Plc is an Irish Real Estate Investment Trust ("REIT") and is listed on the Irish and London Stock Exchanges. The Company was the first REIT established in Ireland following the introduction of REIT legislation by the Irish Government. The Company's stated strategy is to create a property portfolio consisting primarily of commercial property in Ireland to deliver income and capital growth through opportunistic investments, active property management and prudent use of debt finance.