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

Real Estate Credit Investments Limited (LON:RECI)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 119.93 and traded as low as GBX 114.50. Real Estate Credit Investments shares last traded at GBX 116, with a volume of 386,434 shares traded.

Real Estate Credit Investments Stock Performance

The company has a debt-to-equity ratio of 38.72, a current ratio of 26.75 and a quick ratio of 0.10. The stock’s 50 day moving average is GBX 115.99 and its two-hundred day moving average is GBX 119.93. The firm has a market cap of £256.41 million, a P/E ratio of 16.81 and a beta of 0.20.

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

Insiders Place Their Bets

In other news, insider Colleen McHugh acquired 7,000 shares of the firm’s stock in a transaction on Monday, June 29th. The shares were purchased at an average cost of GBX 116 per share, with a total value 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.