Derwent London (LON:DLN) Shares Cross Above 200 Day Moving Average of $2,158.90

Derwent London Plc (LON:DLN)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 2,158.90 ($27.43) and traded as high as GBX 2,354 ($29.91). Derwent London shares last traded at GBX 2,340 ($29.73), with a volume of 119,419 shares trading hands.

Derwent London Trading Up 1.6 %

The stock has a 50 day moving average of GBX 2,196.21 and a 200-day moving average of GBX 2,158.90. The company has a market capitalization of £2.63 billion, a P/E ratio of -551.89, a P/E/G ratio of 23.10 and a beta of 0.94. The company has a current ratio of 0.74, a quick ratio of 0.38 and a debt-to-equity ratio of 39.06.

Insider Activity at Derwent London

In other Derwent London news, insider Rob Wilkinson purchased 1,500 shares of the stock in a transaction that occurred on Monday, June 10th. The shares were bought at an average cost of GBX 2,318 ($29.45) per share, with a total value of £34,770 ($44,180.43). 8.06% of the stock is currently owned by corporate insiders.

Derwent London Company Profile

Derwent London plc owns 66 buildings in a commercial real estate portfolio predominantly in central London valued at £4.9 billion as at 31 December 2023, making it the largest London office-focused real estate investment trust (REIT). Our experienced team has a long track record of creating value throughout the property cycle by regenerating our buildings via development or refurbishment, effective asset management and capital recycling.