Creative Media & Community Trust Corporation (NASDAQ:CMCT) Stock Price Crosses Below 200 Day Moving Average – Here’s Why

Creative Media & Community Trust Corporation (NASDAQ:CMCT)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $7.17 and traded as low as $2.96. Creative Media & Community Trust Corporation shares last traded at $3.30, with a volume of 1,247,750 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Creative Media & Community Trust Corporation in a report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

Creative Media & Community Trust Corporation Trading Up 15.0%

The stock has a market capitalization of $2.60 million, a PE ratio of -0.01 and a beta of 0.86. The firm has a 50 day moving average of $6.39 and a two-hundred day moving average of $7.17.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Creative Media & Community Trust Corporation stock. Cerity Partners LLC purchased a new position in shares of Creative Media & Community Trust Corporation (NASDAQ:CMCT) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 11,173 shares of the real estate investment trust’s stock, valued at approximately $90,000. Cerity Partners LLC owned about 1.49% of Creative Media & Community Trust Corporation as of its most recent SEC filing. 28.34% of the stock is currently owned by hedge funds and other institutional investors.

About Creative Media & Community Trust Corporation

Creative Media & Community Trust Corp. is a real estate investment trust that seeks to own, operate, and develop premier multifamily and creative office assets in vibrant and emerging communities throughout the United States. It operates through the following segments: Office, Hotel, and Lending.