KCR Residential REIT (LON:KCR) Stock Crosses Below 200-Day Moving Average – What’s Next?

Shares of KCR Residential REIT (LON:KCRGet Free Report) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 9.39 and traded as low as GBX 8. KCR Residential REIT shares last traded at GBX 8, with a volume of 62 shares trading hands.

KCR Residential REIT Trading Down 11.1%

The firm has a market cap of £3.33 million, a price-to-earnings ratio of -6.90 and a beta of 0.18. The company has a fifty day moving average price of GBX 9.58 and a 200-day moving average price of GBX 9.39.

KCR Residential REIT (LON:KCRGet Free Report) last released its quarterly earnings results on Tuesday, March 17th. The company reported GBX (0.91) earnings per share for the quarter. KCR Residential REIT had a negative return on equity of 3.87% and a negative net margin of 23.79%.

KCR Residential REIT Company Profile

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KCR Residential REIT plc was admitted to AIM on the London Stock Exchange on 3 July 2015.

KCR’s objective is capitalise on its position as the first REIT specialising in residential property in the private rented sector (PRS) to build a substantial investment portfolio that generates secure income flow for shareholders through the acquisition of property SPVs. KCR intends to achieve this objective by acquiring, improving and managing residential property assets in areas in the UK that have potential for growth in rental and capital values.

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