Real Estate Credit Investments (LON:RECI) Stock Price Passes Below 200-Day Moving Average – Should You Sell?

Real Estate Credit Investments Limited (LON:RECI) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 120.28 and traded as low as GBX 114. Real Estate Credit Investments shares last traded at GBX 116, with a volume of 174,301 shares traded.

Real Estate Credit Investments Stock Performance

The company has a fifty day moving average price of GBX 116.35 and a two-hundred day moving average price of GBX 120.28. The firm has a market cap of £256.41 million, a price-to-earnings ratio of 16.81 and a beta of 0.20. The company has a debt-to-equity ratio of 38.72, a current ratio of 26.75 and a quick ratio of 0.10.

Real Estate Credit Investments (LON:RECI) last issued its quarterly earnings results on Thursday, June 25th. The company reported GBX 6.90 EPS for the quarter. Real Estate Credit Investments had a net margin of 58.16% and a return on equity of 4.90%. The firm had revenue of GBX 3,329 million for the quarter. As a group, equities research analysts expect that Real Estate Credit Investments Limited will post 9.1564528 EPS for the current year.

Insider Activity

In related news, insider Colleen McHugh acquired 7,000 shares of the business’s stock in a transaction dated Monday, June 29th. The stock was bought at an average price of GBX 116 per share, for a total transaction of £8,120. Corporate insiders own 0.41% 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.