GCP Student Living (LON:DIGS) Trading 424,900% Higher – What’s Next?

GCP Student Living plc (LON:DIGS) shares shot up 424,900% during trading on Thursday . The stock traded as high as GBX 212.50 ($2.66) and last traded at GBX 212.50 ($2.66). 50,000 shares traded hands during mid-day trading, a decline of 98% from the average session volume of 2,153,780 shares. The stock had previously closed at GBX 0.05 ($0.00).

GCP Student Living Stock Performance

The business has a 50-day moving average of GBX 212.50 and a two-hundred day moving average of GBX 212.50. The company has a debt-to-equity ratio of 33.64, a current ratio of 0.77 and a quick ratio of 0.70. The company has a market cap of £966.92 million and a P/E ratio of 8.43.

GCP Student Living Company Profile

GCP Student Living plc, a FTSE 250 company, was the first real estate investment trust in the UK to focus on student residential assets. The Company seeks to provide shareholders with attractive total returns in the longer term through the potential for modest capital appreciation and regular, sustainable, long term dividends with inflation linked income characteristics.