Real Estate Credit Investments (LON:RECI) Stock Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

Shares of Real Estate Credit Investments Limited (LON:RECI) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 124.92 and traded as low as GBX 122.50. Real Estate Credit Investments shares last traded at GBX 123.50, with a volume of 340,329 shares.

Real Estate Credit Investments Stock Performance

The company has a current ratio of 7.27, a quick ratio of 0.10 and a debt-to-equity ratio of 7.29. The firm has a market capitalization of £273.79 million, a PE ratio of 14.36 and a beta of 0.42. The firm’s fifty day moving average price is GBX 122.83 and its 200 day moving average price is GBX 124.92.

Real Estate Credit Investments (LON:RECI) last released its quarterly earnings data on Thursday, November 27th. The company reported GBX 4.20 earnings per share (EPS) for the quarter. Real Estate Credit Investments had a return on equity of 72.23% and a net margin of 814.69%. On average, research analysts anticipate that Real Estate Credit Investments Limited will post 9.1564528 earnings per share for the current year.

Insider Activity

In other Real Estate Credit Investments news, insider Sally-Ann Farnon (Susie) acquired 20,500 shares of the business’s stock in a transaction that occurred on Tuesday, December 9th. The shares were purchased at an average price of GBX 121 per share, with a total value of £24,805. Also, insider Colleen McHugh bought 8,000 shares of Real Estate Credit Investments stock in a transaction on Thursday, December 4th. The stock was acquired at an average price of GBX 124 per share, with a total value of £9,920. 0.38% of the stock is owned by insiders.

Real Estate Credit Investments Company Profile

Real Estate Credit Investments (RECI) is a closed-ended investment company which originates and invests in real estate debt secured by commercial real estate in Western Europe, focusing primarily on the United Kingdom, France and Spain.

RECI is externally managed by Cheyne Capital’s real estate business which was formed in 2008 and currently manages c. $5bn via private funds and managed accounts. RECI’s overarching aim is to deliver a stable quarterly dividend with minimal volatility, through economic and credit cycles via a levered exposure to real estate credit investments.