Residential Secure Income plc (LON:RESI – Get Free Report)’s share price rose 1.8% during mid-day trading on Wednesday . The stock traded as high as GBX 56.20 and last traded at GBX 55.20. Approximately 181,132 shares traded hands during mid-day trading, a decline of 30% from the average daily volume of 260,419 shares. The stock had previously closed at GBX 54.20.
Residential Secure Income Trading Up 1.9%
The stock has a market capitalization of £99.25 million, a P/E ratio of -10.94 and a beta of 0.36. The company has a fifty day simple moving average of GBX 56.41 and a two-hundred day simple moving average of GBX 57.22.
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. Our purpose is to deliver affordable, high-quality, safe homes with great customer service and long-term stability of tenure for residents. We achieve this through meeting demand from housing developers (housing associations, local authorities and private developers) for long-term investment partners to accelerate the development of socially and economically beneficial affordable housing.
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