Unite Group (LON:UTG) Reaches New 1-Year Low – Here’s Why

Shares of Unite Group PLC (LON:UTG) hit a new 52-week low during trading on Thursday . The company traded as low as GBX 780.50 ($9.65) and last traded at GBX 794 ($9.81), with a volume of 1228390 shares trading hands. The stock had previously closed at GBX 795.50 ($9.83).

Unite Group Trading Down 1.6 %

The company has a market cap of £3.83 billion, a P/E ratio of 1,283.61, a P/E/G ratio of 3.20 and a beta of 1.24. The business’s 50-day moving average price is GBX 839.05 and its 200 day moving average price is GBX 902.76. The company has a debt-to-equity ratio of 38.52, a quick ratio of 0.73 and a current ratio of 1.58.

Insider Activity at Unite Group

In other Unite Group news, insider Michael Burt purchased 11,874 shares of the business’s stock in a transaction on Thursday, November 14th. The stock was acquired at an average price of GBX 838 ($10.36) per share, with a total value of £99,504.12 ($122,996.44). 0.30% of the stock is currently owned by company insiders.

About Unite Group

Unite Students is the UK’s largest owner, manager and developer of purpose-built student accommodation, serving the country’s world-leading Higher Education sector. We provide homes to 70,000 students across 157 properties in 23 leading university towns and cities. We currently partner with over 60 universities across the UK.