LondonMetric Property (OTCMKTS:LNSPF) Trading Up 1.1% – Should You Buy?

LondonMetric Property Plc (OTCMKTS:LNSPF)’s share price shot up 1.1% on Monday . The stock traded as high as $2.73 and last traded at $2.66. 390 shares traded hands during mid-day trading, a decline of 93% from the average session volume of 5,935 shares. The stock had previously closed at $2.63.

LondonMetric Property Trading Up 1.1%

The stock’s 50-day simple moving average is $2.57 and its 200-day simple moving average is $2.55.

LondonMetric Property Company Profile

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.