Creative Media & Community Trust Corporation (NASDAQ:CMCT) Stock Passes Below Two Hundred Day Moving Average – What’s Next?

Shares of Creative Media & Community Trust Corporation (NASDAQ:CMCT) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $7.13 and traded as low as $4.75. Creative Media & Community Trust Corporation shares last traded at $5.01, with a volume of 21,795 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Creative Media & Community Trust Corporation in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

Creative Media & Community Trust Corporation Stock Performance

The company has a fifty day simple moving average of $6.51 and a 200 day simple moving average of $7.13. The stock has a market capitalization of $3.95 million, a price-to-earnings ratio of -0.01 and a beta of 0.86.

Institutional Trading of Creative Media & Community Trust Corporation

A hedge fund recently bought a new stake in Creative Media & Community Trust Corporation stock. Cerity Partners LLC purchased a new position in shares of Creative Media & Community Trust Corporation (NASDAQ:CMCT) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 11,173 shares of the real estate investment trust’s stock, valued at approximately $90,000. Cerity Partners LLC owned about 1.49% of Creative Media & Community Trust Corporation as of its most recent filing with the SEC. 28.34% of the stock is owned by hedge funds and other institutional investors.

Creative Media & Community Trust Corporation Company Profile

Creative Media & Community Trust Corp. is a real estate investment trust that seeks to own, operate, and develop premier multifamily and creative office assets in vibrant and emerging communities throughout the United States. It operates through the following segments: Office, Hotel, and Lending.