Real Estate Credit Investments (LON:RECI) Stock Price Passes Below 200-Day Moving Average – Time to Sell?

Real Estate Credit Investments Limited (LON:RECI)’s stock price crossed 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 changing hands.

Real Estate Credit Investments Price Performance

The stock has a fifty day moving average of GBX 115.95 and a 200-day moving average of GBX 119.90. The company has a quick ratio of 0.10, a current ratio of 26.75 and a debt-to-equity ratio of 38.72. The firm has a market capitalization 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 quarterly 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 net margin of 58.16% and a return on equity of 4.90%. The business had revenue of GBX 3,329 million for the quarter. Equities analysts predict that Real Estate Credit Investments Limited will post 9.1564528 EPS for the current fiscal year.

Insider Activity

In related news, insider Colleen McHugh bought 7,000 shares of Real Estate Credit Investments stock in a transaction dated Monday, June 29th. The shares were bought at an average cost of GBX 116 per share, for a total transaction of £8,120. Insiders own 0.41% of the company’s stock.

Real Estate Credit Investments Company Profile

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.