Real Estate Credit Investments (LON:RECI) Stock Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Real Estate Credit Investments Limited (LON:RECI) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 124.02 ($1.67) and traded as high as GBX 127 ($1.71). Real Estate Credit Investments shares last traded at GBX 126 ($1.70), with a volume of 401,310 shares trading hands.

Real Estate Credit Investments Price Performance

The stock’s 50-day moving average is GBX 123.55 and its 200 day moving average is GBX 124.02. The stock has a market capitalization of £279.99 million, a PE ratio of 1.20 and a beta of 0.42. The company has a quick ratio of 0.10, a current ratio of 7.27 and a debt-to-equity ratio of 7.29.

Insiders Place Their Bets

In other Real Estate Credit Investments news, insider Mark Thompson bought 10,000 shares of the firm’s stock in a transaction on Thursday, March 20th. The stock was bought at an average cost of GBX 124 ($1.67) per share, with a total value of £12,400 ($16,740.92). Insiders own 0.50% of the company’s stock.

About Real Estate Credit Investments

Real Estate Credit Investments (RECI) is a closed-ended investment company which originates and invests in real estate debt secured by commercial real estate in Western Europe, focusing primarily on the United Kingdom, France and Spain.

RECI is externally managed by Cheyne Capital’s real estate business which was formed in 2008 and currently manages c.