Primary Health Properties (LON:PHP) Stock Crosses Below Two Hundred Day Moving Average of $94.76

Shares of Primary Health Properties Plc (LON:PHP) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 94.76 ($1.20) and traded as low as GBX 90.50 ($1.15). Primary Health Properties shares last traded at GBX 91.25 ($1.16), with a volume of 10,703,936 shares changing hands.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. started coverage on Primary Health Properties in a research report on Friday, March 1st. They issued a “neutral” rating and a GBX 105 ($1.33) price target on the stock.

Primary Health Properties Price Performance

The stock has a fifty day simple moving average of GBX 93.05 and a two-hundred day simple moving average of GBX 94.76. The company has a market cap of £1.22 billion, a PE ratio of 4,562.50, a price-to-earnings-growth ratio of 5.64 and a beta of 0.34. The company has a current ratio of 0.56, a quick ratio of 0.62 and a debt-to-equity ratio of 93.62.

Insider Buying and Selling at Primary Health Properties

In other Primary Health Properties news, insider Richard Howell acquired 21,633 shares of the stock in a transaction on Wednesday, April 3rd. The shares were bought at an average price of GBX 92 ($1.17) per share, with a total value of £19,902.36 ($25,288.89). In other news, insider Harry Abraham Hyman purchased 74,890 shares of the firm’s stock in a transaction dated Friday, April 5th. The shares were acquired at an average price of GBX 92 ($1.17) per share, with a total value of £68,898.80 ($87,546.12). Also, insider Richard Howell purchased 21,633 shares of the firm’s stock in a transaction dated Wednesday, April 3rd. The shares were purchased at an average cost of GBX 92 ($1.17) per share, for a total transaction of £19,902.36 ($25,288.89). 2.59% of the stock is owned by corporate insiders.

Primary Health Properties Company Profile

Primary Health Properties (PHP) is the leading investor in modern healthcare properties in the UK & Ireland. PHP is a UK based Real Estate Investment Trust (REIT) with a clear objective to create progressive returns to shareholders through a combination of earnings growth and capital appreciation.