Real Estate Credit Investments (LON:RECI) Stock Price Passes Below Two Hundred Day Moving Average – Here’s Why

Real Estate Credit Investments Limited (LON:RECIGet Free Report) shares crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 125.88 ($1.69) and traded as low as GBX 124 ($1.66). Real Estate Credit Investments shares last traded at GBX 124 ($1.66), with a volume of 495,489 shares traded.

Real Estate Credit Investments Trading Down 1.2%

The stock has a market capitalization of £274.90 million, a P/E ratio of 1,215.69 and a beta of 0.42. The company has a current ratio of 7.27, a quick ratio of 0.10 and a debt-to-equity ratio of 7.29. The company has a 50-day moving average price of GBX 126.58 and a 200 day moving average price of GBX 125.88.

Insider Activity at Real Estate Credit Investments

In related news, insider Colleen McHugh purchased 8,000 shares of Real Estate Credit Investments stock in a transaction dated Tuesday, August 26th. The stock was purchased at an average cost of GBX 124 per share, with a total value of £9,920. Insiders own 0.38% of the company’s stock.

About Real Estate Credit Investments

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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.

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