Life Science REIT (LON:LABS) Trading 19.6% Higher – Still a Buy?

Life Science REIT plc (LON:LABSGet Free Report) shot up 19.6% on Wednesday . The stock traded as high as GBX 42.50 and last traded at GBX 42.34. 16,797,824 shares were traded during mid-day trading, an increase of 667% from the average session volume of 2,189,127 shares. The stock had previously closed at GBX 35.40.

Life Science REIT Price Performance

The stock has a market cap of £148.18 million, a price-to-earnings ratio of -4.81 and a beta of 0.08. The company’s fifty day moving average price is GBX 38.23 and its 200-day moving average price is GBX 38.55.

About Life Science REIT

(Get Free Report)

Life Science REIT plc (the Company) is a closed-ended Real Estate Investment Trust (REIT) incorporated in England and Wales on 27 July 2021. The Company began trading on 19 November 2021 and its shares are admitted to trading on the Premium Listing Segment of the Main Market of the London Stock Exchange. The registered office of the Company is located at 6th Floor, 65 Gresham Street, London, EC2V 7NQ.

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