Phoenix Spree Deutschland (LON:PSDL) Stock Passes Above 50 Day Moving Average – Should You Sell?

Phoenix Spree Deutschland Limited (LON:PSDL) shares crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 164.66 ($2.07) and traded as high as GBX 166 ($2.09). Phoenix Spree Deutschland shares last traded at GBX 164.50 ($2.07), with a volume of 11,944 shares changing hands.

Phoenix Spree Deutschland Price Performance

The stock has a market capitalization of £179.76 million, a P/E ratio of -2.53 and a beta of 0.30. The firm has a 50 day moving average of GBX 164.66 and a 200-day moving average of GBX 168.26.

About Phoenix Spree Deutschland

Phoenix Spree Deutschland Limited is an investment company founded in 2007 and listed on the premium segment of the London Stock Exchange. It is a long-term investor in Berlin rental property, committed to improving the quality of accommodation for its tenants. Over the past thirteen years, the Company has assembled an attractive portfolio of real estate assets which the Directors believe offers investors the potential for both reliable income as well as capital growth.