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

Creative Media & Community Trust Corporation (NASDAQ:CMCT) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $7.06 and traded as low as $3.73. Creative Media & Community Trust Corporation shares last traded at $3.86, with a volume of 876,877 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Creative Media & Community Trust Corporation in a research report on Monday. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

Creative Media & Community Trust Corporation Price Performance

The firm has a market capitalization of $3.05 million, a P/E ratio of -0.04 and a beta of 0.45. The firm’s fifty day moving average price is $6.04 and its 200-day moving average price is $7.06.

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 Creative Media & Community Trust Corporation (NASDAQ:CMCT) during the 2nd quarter, according to its most recent filing with the Securities & 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 approximately 1.49% of Creative Media & Community Trust Corporation at the end of the most recent quarter. 28.34% of the stock is owned by institutional investors and hedge funds.

Creative Media & Community Trust Corporation Company Profile

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.