Creative Media & Community Trust Corporation (NASDAQ:CMCT) Shares Cross Below 200-Day Moving Average – What’s Next?

Creative Media & Community Trust Corporation (NASDAQ:CMCT) shares passed below its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of $9.34 and traded as low as $1.90. Creative Media & Community Trust Corporation shares last traded at $2.03, with a volume of 24,986 shares.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Weiss Ratings downgraded Creative Media & Community Trust Corporation from a “sell (d)” rating to a “sell (e+)” rating in a research note on Monday, August 24th. Wall Street Zen raised shares of Creative Media & Community Trust Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, June 27th. Finally, Zacks Research raised shares of Creative Media & Community Trust Corporation to a “hold” rating in a report on Friday, June 5th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Creative Media & Community Trust Corporation currently has an average rating of “Reduce”.

Creative Media & Community Trust Corporation Price Performance

The stock has a market cap of $5.60 million, a P/E ratio of -0.00 and a beta of 0.83. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 2.80. The company’s fifty day simple moving average is $3.54 and its 200-day simple moving average is $9.34.

Creative Media & Community Trust Corporation (NASDAQ:CMCT) last issued its earnings results on Friday, August 14th. The real estate investment trust reported ($4.03) earnings per share for the quarter, missing the consensus estimate of ($3.11) by ($0.92). Creative Media & Community Trust Corporation had a negative net margin of 36.99% and a negative return on equity of 60.85%. The business had revenue of $29.68 million for the quarter, compared to analyst estimates of $28.10 million. As a group, sell-side analysts forecast that Creative Media & Community Trust Corporation will post -6.38 EPS for the current year.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Creative Media & Community Trust Corporation stock. Blackhawk Capital Partners LLC bought a new position in shares of Creative Media & Community Trust Corporation (NASDAQ:CMCT) in the first quarter, according to the company in its most recent filing with the SEC. The firm bought 576,519 shares of the real estate investment trust’s stock, valued at approximately $354,000. Blackhawk Capital Partners LLC owned approximately 2,135.26% of Creative Media & Community Trust Corporation as of its most recent SEC filing. Institutional investors own 28.34% of the company’s stock.

Creative Media & Community Trust Corporation Company Profile

Creative Media & Community Trust Corporation is a real estate investment trust that acquires, develops, owns and operates income-producing commercial real estate. The company’s portfolio has included office, multifamily, hotel and entertainment-related properties, with investments generally focused on U.S. markets.

In addition to owning real estate, Creative Media & Community Trust provides financing through commercial real estate loans and other credit investments secured by property.