First Property Group (LON:FPO) Hits New 52-Week High – Time to Buy?

Shares of First Property Group plc (LON:FPO) reached a new 52-week high during trading on Tuesday . The company traded as high as GBX 19.50 and last traded at GBX 18.63, with a volume of 63715 shares traded. The stock had previously closed at GBX 18.75.

First Property Group Stock Up 1.1%

The company has a debt-to-equity ratio of 22.87, a current ratio of 0.48 and a quick ratio of 0.97. The firm has a market capitalization of £28.39 million, a P/E ratio of 12.63 and a beta of 0.45. The firm’s fifty day moving average price is GBX 17.27 and its 200-day moving average price is GBX 15.88.

First Property Group (LON:FPO) last released its earnings results on Thursday, November 27th. The company reported GBX 0.79 earnings per share for the quarter. First Property Group had a negative return on equity of 5.93% and a negative net margin of 31.04%. As a group, equities research analysts forecast that First Property Group plc will post 0.2694795 earnings per share for the current year.

About First Property Group

First Property Group plc is an award winning property fund manager and investor with operations in the United Kingdom and Central Europe. The Group’s focus is on higher yielding commercial property with sustainable cash flows. The company is flexible and takes an active approach to asset management. Its earnings are derived from:

1. Fund management – via its FCA regulated and AIFMD approved subsidiary, First Property Asset Management Ltd (FPAM), which earns fees from investing for third parties in property.