Residential Secure Income plc (LON:RESI – Get Free Report)’s share price hit a new 52-week low during trading on Tuesday. The company traded as low as GBX 6.16 and last traded at GBX 6.16, with a volume of 669,893 shares. The stock had previously closed at GBX 6.80.
Residential Secure Income Price Performance
The company has a 50-day moving average of GBX 7.10 and a two-hundred day moving average of GBX 37.93. The company has a market capitalization of £13.04 million, a PE ratio of -8.80 and a beta of 0.46.
Residential Secure Income Company Profile
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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