Real Estate Credit Investments (LON:RECI) Shares Pass Below Two Hundred Day Moving Average – Here’s Why

Real Estate Credit Investments Limited (LON:RECI)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 124.62 and traded as low as GBX 124.50. Real Estate Credit Investments shares last traded at GBX 126, with a volume of 701,906 shares trading hands.

Real Estate Credit Investments Stock Down 0.4%

The company has a debt-to-equity ratio of 34.14, a quick ratio of 0.10 and a current ratio of 5.74. The stock has a market cap of £281.55 million, a price-to-earnings ratio of 14.77 and a beta of 0.17. The business’s 50 day moving average is GBX 125 and its 200 day moving average is GBX 124.66.

Insider Activity at Real Estate Credit Investments

In other Real Estate Credit Investments news, insider Andreas Tautscher bought 9,500 shares of the firm’s stock in a transaction dated Tuesday, March 10th. The stock was acquired at an average price of GBX 127 per share, with a total value of £12,065. 0.40% of the stock is currently owned by company insiders.

About Real Estate Credit Investments

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.