Regional REIT (LON:RGL) Stock Price Crosses Above 50 Day Moving Average – Here’s Why

Regional REIT Limited (LON:RGL)’s share price crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 110.66 ($1.47) and traded as high as GBX 121.20 ($1.61). Regional REIT shares last traded at GBX 120.40 ($1.60), with a volume of 142,443 shares trading hands.

Analyst Ratings Changes

Separately, Shore Capital reiterated a “house stock” rating on shares of Regional REIT in a research report on Tuesday, March 25th.

Regional REIT Stock Up 0.8%

The firm’s fifty day moving average price is GBX 110.66 and its 200-day moving average price is GBX 116.03. The company has a market cap of £194.62 million, a price-to-earnings ratio of -0.75 and a beta of 0.90. The company has a current ratio of 0.67, a quick ratio of 1.30 and a debt-to-equity ratio of 153.74.

Regional REIT (LON:RGL) last announced its earnings results on Tuesday, March 25th. The company reported GBX (33.50) (($0.45)) earnings per share (EPS) for the quarter. Regional REIT had a negative return on equity of 28.79% and a negative net margin of 89.90%.

Regional REIT Company Profile

Regional REIT Limited is a UK based real estate investment trust, focused on building a large geographically diverse portfolio of income producing regional properties outside of the M25 motorway.

Regional REIT pursues its investment objective by investing in, actively managing and disposing of regional core property and core plus property assets.