Real Estate Credit Investments (LON:RECI) Share Price Crosses Below 200-Day Moving Average – Here’s What Happened

Shares of Real Estate Credit Investments Limited (LON:RECI) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 124.72 and traded as low as GBX 124. Real Estate Credit Investments shares last traded at GBX 124.50, with a volume of 189,707 shares.

Real Estate Credit Investments Trading Up 0.8%

The company has a market capitalization of £278.23 million, a P/E ratio of 14.59 and a beta of 0.42. The business has a fifty day moving average price of GBX 123.21 and a 200 day moving average price of GBX 124.72. The company has a quick ratio of 0.10, a current ratio of 7.27 and a debt-to-equity ratio of 7.29.

Real Estate Credit Investments (LON:RECI) last posted 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, analysts expect that Real Estate Credit Investments Limited will post 9.1564528 earnings per share for the current fiscal year.

Insider Activity at Real Estate Credit Investments

In related news, insider Colleen McHugh purchased 8,000 shares of the firm’s stock in a transaction on Thursday, December 4th. The stock was purchased at an average cost of GBX 124 per share, for a total transaction of £9,920. Also, insider Sally-Ann Farnon (Susie) bought 20,500 shares of the stock in a transaction that occurred on Tuesday, December 9th. The shares were purchased at an average price of GBX 121 per share, for a total transaction of £24,805. 0.40% of the stock is owned by company 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.