Drum Income Plus REIT (LON:DRIP) Share Price Passes Above 50-Day Moving Average – Here’s Why

Drum Income Plus REIT (LON:DRIPGet Free Report) shares crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 50 ($0.63) and traded as high as GBX 50 ($0.63). Drum Income Plus REIT shares last traded at GBX 50 ($0.63), with a volume of 8,293,746 shares changing hands.

Drum Income Plus REIT Stock Performance

The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 86.00. The company has a market capitalization of £19.10 million and a PE ratio of -5.26. The firm’s 50-day simple moving average is GBX 50 and its 200-day simple moving average is GBX 50.

Drum Income Plus REIT Company Profile

(Get Free Report)

Drum Income Plus REIT plc is a real estate investment trust. The Company’s portfolio comprises nine properties let to institutional grade tenants on long leases throughout the United Kingdom and is characterized by smaller lot sizes. The Company invests principally in three commercial property sectors: office, retail (including retail warehouses) and industrial.

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