Residential Secure Income (LON:RESI) Announces Quarterly Earnings Results

Residential Secure Income (LON:RESI) announced its quarterly earnings results on Wednesday. The company reported GBX (5.40) (($0.07)) earnings per share for the quarter, Digital Look Earnings reports. Residential Secure Income had a negative net margin of 11.24% and a negative return on equity of 2.24%.

Residential Secure Income Price Performance

Shares of RESI traded up GBX 1.60 ($0.02) during trading hours on Friday, reaching GBX 57.40 ($0.71). 423,809 shares of the company traded hands, compared to its average volume of 274,612. The company has a quick ratio of 0.83, a current ratio of 1.05 and a debt-to-equity ratio of 140.63. The stock has a market capitalization of £106.28 million, a PE ratio of -2,870.00 and a beta of 0.21. Residential Secure Income has a fifty-two week low of GBX 45 ($0.56) and a fifty-two week high of GBX 62 ($0.77). The stock has a fifty day simple moving average of GBX 58.16 and a 200 day simple moving average of GBX 55.40.

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.