Real Estate Credit Investments (LON:RECI) Shares Cross Below Two Hundred Day Moving Average – Here’s Why

Shares of Real Estate Credit Investments Limited (LON:RECI) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 121.76 and traded as low as GBX 116. Real Estate Credit Investments shares last traded at GBX 117, with a volume of 283,981 shares.

Real Estate Credit Investments Stock Performance

The firm has a market capitalization of £258.62 million, a PE ratio of 13.60 and a beta of 0.20. The company has a debt-to-equity ratio of 22.25, a quick ratio of 0.10 and a current ratio of 0.30. The company’s fifty day moving average price is GBX 118 and its two-hundred day moving average price is GBX 121.76.

Insider Activity

In related news, insider Andreas Tautscher acquired 9,500 shares of the business’s stock in a transaction dated Tuesday, March 10th. The shares were acquired at an average cost of GBX 127 per share, for a total transaction of £12,065. Also, insider Colleen McHugh acquired 6,000 shares of the business’s stock in a transaction dated Friday, March 20th. The shares were bought at an average price of GBX 122 per share, for a total transaction of £7,320. Corporate insiders own 0.40% of the company’s stock.

About Real Estate Credit Investments

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.