LondonMetric Property (OTCMKTS:LNSPF) Trading Up 4% – Should You Buy?

Shares of LondonMetric Property Plc (OTCMKTS:LNSPFGet Free Report) were up 4% during trading on Friday . The company traded as high as $2.7250 and last traded at $2.7250. Approximately 819 shares changed hands during trading, a decline of 92% from the average daily volume of 10,604 shares. The stock had previously closed at $2.62.

LondonMetric Property Price Performance

The stock’s 50-day moving average is $2.51 and its two-hundred day moving average is $2.55.

LondonMetric Property Company Profile

(Get Free Report)

LondonMetric Property PLC is a UK-based real estate investment trust (REIT) that specializes in the acquisition, management and development of distribution warehouses, retail parks and community retail assets. The company seeks properties with strong income characteristics and potential for asset enhancement through refurbishment, redevelopment or active leasing strategies. Its portfolio spans a range of sectors, including logistics facilities serving major e-commerce and retail clients, as well as supermarket-anchored retail parks and neighborhood retail schemes.

Established in 2007 through the merger of two specialist property companies, LondonMetric has grown its portfolio primarily across the United Kingdom and Ireland.

Further Reading

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