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

by · The Markets Daily

Drum Income Plus REIT (LON:DRIP – Get Free Report)’s stock price passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 50 ($0.65) and traded as low as GBX 50 ($0.65). Drum Income Plus REIT shares last traded at GBX 50 ($0.65), with a volume of 8,293,746 shares trading hands.

Drum Income Plus REIT Trading Up 781.8 %

The stock has a market cap of £19.10 million and a PE ratio of -5.26. The company has a 50 day moving average of GBX 50 and a two-hundred day moving average of GBX 50. The company has a debt-to-equity ratio of 86.00, a quick ratio of 1.62 and a current ratio of 1.62.

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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