PPHE Hotel Group (LON:PPH) Share Price Passes Above 200 Day Moving Average – What’s Next?

PPHE Hotel Group Limited (LON:PPH) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1,286.29 ($15.74) and traded as high as GBX 1,300 ($15.91). PPHE Hotel Group shares last traded at GBX 1,280 ($15.67), with a volume of 22,556 shares traded.

PPHE Hotel Group Stock Performance

The firm has a market capitalization of £537.77 million, a price-to-earnings ratio of 2,471.15 and a beta of 1.11. The company has a quick ratio of 1.19, a current ratio of 0.98 and a debt-to-equity ratio of 229.62. The stock’s fifty day moving average is GBX 1,279.49 and its two-hundred day moving average is GBX 1,286.29.

About PPHE Hotel Group

PPHE Hotel Group is an international hospitality real estate company, with a £2.2 billion portfolio, valued as at December 2023 by Savills and Zagreb nekretnine Ltd (ZANE), of primarily prime freehold and long leasehold assets in Europe.

Through its subsidiaries, jointly controlled entities and associates it owns, co-owns, develops, leases, operates and franchises hospitality real estate.