Creative Media & Community Trust Co. (NASDAQ:CMCT) Shares Pass Below Two Hundred Day Moving Average – What’s Next?

Shares of 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.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on Creative Media & Community Trust Co. in a report on Friday. They set a “sell” rating on the stock.

Creative Media & Community Trust Co. Stock Performance

The stock has a 50-day simple moving average of $2.31 and a 200 day simple moving average of $11.88. 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 company has a market capitalization of $8.32 million, a PE ratio of -0.33 and a beta of 0.46.

Creative Media & Community Trust Co. (NASDAQ:CMCT) last posted its earnings results on Friday, November 8th. The real estate investment trust reported ($12.20) EPS for the quarter, missing analysts’ consensus estimates of ($3.60) by ($8.60). The business had revenue of $28.62 million during the quarter. During the same quarter in the prior year, the business earned ($3.00) EPS. Equities analysts anticipate that Creative Media & Community Trust Co. will post -1.22 EPS for the current fiscal year.

Institutional Trading of Creative Media & Community Trust Co.

Several institutional investors and hedge funds have recently made changes to their positions in CMCT. Cerity Partners LLC purchased a new stake in shares of Creative Media & Community Trust Co. in the third quarter valued at $1,397,000. Arkadios Wealth Advisors purchased a new stake in shares of Creative Media & Community Trust Co. in the third quarter valued at $548,000. PFG Investments LLC purchased a new stake in shares of Creative Media & Community Trust Co. in the third quarter valued at $266,000. Sequoia Financial Advisors LLC purchased a new stake in shares of Creative Media & Community Trust Co. in the third quarter valued at $65,000. Finally, International Assets Investment Management LLC lifted its position in shares of Creative Media & Community Trust Co. by 186.6% in the fourth quarter. International Assets Investment Management LLC now owns 168,072 shares of the real estate investment trust’s stock valued at $35,000 after acquiring an additional 109,425 shares in the last quarter. 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.