PPHE Hotel Group (LON:PPH) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

PPHE Hotel Group Limited (LON:PPH)’s share price 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 changing hands.

PPHE Hotel Group Stock Performance

The stock has a market capitalization of £537.77 million, a P/E ratio of 2,471.15 and a beta of 1.11. The stock’s 50-day simple moving average is GBX 1,279.49 and its 200 day simple moving average is GBX 1,286.29. The company has a debt-to-equity ratio of 229.62, a current ratio of 0.98 and a quick ratio of 1.19.

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.