Creative Media & Community Trust Co. (NASDAQ:CMCT) Shares Pass Below 200 Day Moving Average – Here’s What Happened

Creative Media & Community Trust Co. (NASDAQ:CMCT) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $12.06 and traded as low as $1.00. Creative Media & Community Trust Co. shares last traded at $1.08, with a volume of 1,027,441 shares trading hands.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of Creative Media & Community Trust Co. in a research note on Friday. They issued a “sell” rating for the company.

Creative Media & Community Trust Co. Price Performance

The firm has a market cap of $9.36 million, a P/E ratio of -0.38 and a beta of 0.46. The company has a debt-to-equity ratio of 438.44, a current ratio of 2.71 and a quick ratio of 2.71. The firm’s 50 day moving average is $2.36 and its 200 day moving average is $12.06.

Creative Media & Community Trust Co. (NASDAQ:CMCT) last released its quarterly earnings data on Friday, November 8th. The real estate investment trust reported ($12.20) earnings per share for the quarter, missing analysts’ consensus estimates of ($3.60) by ($8.60). The business had revenue of $28.62 million for the quarter. During the same quarter last year, the company posted ($3.00) earnings per share. As a group, analysts anticipate that Creative Media & Community Trust Co. will post -1.22 earnings per share for the current year.

Institutional Trading of Creative Media & Community Trust Co.

Several institutional investors have recently added to or reduced their stakes in the business. International Assets Investment Management LLC bought a new position in shares of Creative Media & Community Trust Co. during the third quarter valued at $29,000. EWG Elevate Inc. purchased a new stake in shares of Creative Media & Community Trust Co. during the 3rd quarter valued at about $37,000. Stonebridge Financial Planning Group LLC bought a new stake in shares of Creative Media & Community Trust Co. in the third quarter worth approximately $39,000. Calton & Associates Inc. purchased a new position in shares of Creative Media & Community Trust Co. during the third quarter valued at approximately $47,000. Finally, Carnegie Investment Counsel bought a new position in Creative Media & Community Trust Co. during the third quarter valued at approximately $50,000. 28.34% of the stock is currently owned by hedge funds and other institutional investors.

Creative Media & Community Trust Co. Company Profile

Creative Media & Community Trust Corporation (the Company), is a Maryland corporation and real estate investment trust (REIT). The Company primarily acquires, develops, owns and operates both premier multifamily properties situated in vibrant communities throughout the United States and Class A and creative office real assets in markets with similar business and employment characteristics to its multifamily investments.