Triple Point Social Housing REIT (LON:SOHO) Trading Down 0.4% – Should You Sell?

Triple Point Social Housing REIT plc (LON:SOHO) dropped 0.4% on Friday . The stock traded as low as GBX 71.50 and last traded at GBX 72. Approximately 485,665 shares traded hands during trading, a decline of 61% from the average daily volume of 1,260,977 shares. The stock had previously closed at GBX 72.30.

Triple Point Social Housing REIT Trading Down 0.4%

The firm has a fifty day simple moving average of GBX 72.64 and a two-hundred day simple moving average of GBX 71.05. The firm has a market capitalization of £283.30 million, a P/E ratio of 94.74 and a beta of 0.58. The company has a debt-to-equity ratio of 70.98, a current ratio of 795.98 and a quick ratio of 10.82.

About Triple Point Social Housing REIT

Social Housing REIT seeks to address the ongoing housing crisis by investing in the UK social housing sector, providing sustainable high-quality homes which have been adapted for vulnerable adults with long-term care and support needs including mental health issues, learning disabilities, or physical and sensory impairment.

We believe our residents deserve a home that offers greater independence than institutional accommodation, at the same time as meeting their specialist care needs. Our ambition is to be the leading UK Supported Housing investor, helping guarantee secure futures for people in need across the country, while ensuring that our shareholders have an ethical, solid, long-term income source.