Residential Secure Income (LON:RESI) Releases Quarterly Earnings Results

Residential Secure Income (LON:RESI) announced its earnings results on Wednesday. The company reported GBX (5.40) (($0.07)) EPS for the quarter, Digital Look Earnings reports. Residential Secure Income had a negative net margin of 11.24% and a negative return on equity of 2.24%.

Residential Secure Income Stock Up 2.9 %

RESI stock traded up GBX 1.60 ($0.02) during midday trading on Friday, hitting GBX 57.40 ($0.71). 423,809 shares of the company’s stock were exchanged, compared to its average volume of 274,612. The company has a current ratio of 1.05, a quick ratio of 0.83 and a debt-to-equity ratio of 140.63. Residential Secure Income has a 12-month low of GBX 45 ($0.56) and a 12-month high of GBX 62 ($0.77). The firm has a 50 day moving average price of GBX 58.16 and a 200-day moving average price of GBX 55.40. The stock has a market capitalization of £106.28 million, a price-to-earnings ratio of -2,870.00 and a beta of 0.21.

About Residential Secure Income

Residential Secure Income plc (ReSI or the Company) (LSE: RESI) is a real estate investment trust (REIT) focused on delivering secure, inflation-linked returns in two sub-sectors in UK residential housing; independent retirement rentals and shared ownership, which are underpinned by an ageing demographic and untapped, strong demand for affordable homes.