Real Estate Credit Investments (LON:RECI) Stock Passes Below 200 Day Moving Average – Here’s Why

Real Estate Credit Investments Limited (LON:RECI) shares passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 121.47 and traded as low as GBX 115.39. Real Estate Credit Investments shares last traded at GBX 115.50, with a volume of 702,240 shares changing hands.

Real Estate Credit Investments Trading Up 2.2%

The company has a debt-to-equity ratio of 22.25, a current ratio of 0.30 and a quick ratio of 0.10. The firm has a market capitalization of £260.83 million, a PE ratio of 13.72 and a beta of 0.20. The company’s fifty day simple moving average is GBX 117.53 and its 200-day simple moving average is GBX 121.47.

Insider Transactions at Real Estate Credit Investments

In related news, insider Colleen McHugh acquired 6,000 shares of the firm’s stock in a transaction on Friday, March 20th. The shares were acquired at an average cost of GBX 122 per share, with a total value of £7,320. 0.41% of the stock is currently owned by insiders.

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.