Real Estate Credit Investments (LON:RECI) Shares Pass Below Two Hundred Day Moving Average – Here’s What Happened

Real Estate Credit Investments Limited (LON:RECI)’s share price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 121.17 and traded as low as GBX 116. Real Estate Credit Investments shares last traded at GBX 116.50, with a volume of 124,982 shares trading hands.

Real Estate Credit Investments Price Performance

The company has a debt-to-equity ratio of 22.25, a quick ratio of 0.10 and a current ratio of 0.30. The firm has a market cap of £257.52 million, a price-to-earnings ratio of 13.55 and a beta of 0.20. The stock’s 50 day simple moving average is GBX 117.64 and its 200-day simple moving average is GBX 121.17.

Insider Transactions at Real Estate Credit Investments

In related news, insider Colleen McHugh purchased 6,000 shares of the business’s stock in a transaction on Friday, March 20th. The shares were acquired at an average price of GBX 122 per share, for a total transaction of £7,320. 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.