Creative Media & Community Trust Corporation (NASDAQ:CMCT) Shares Cross Below 200 Day Moving Average – What’s Next?

Creative Media & Community Trust Corporation (NASDAQ:CMCT)’s share price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $7.17 and traded as low as $2.96. Creative Media & Community Trust Corporation shares last traded at $3.30, with a volume of 1,247,750 shares changing hands.

Analyst Ratings Changes

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

Creative Media & Community Trust Corporation Price Performance

The firm’s 50 day moving average is $6.33 and its 200 day moving average is $7.15. The firm has a market cap of $3.29 million, a P/E ratio of -0.01 and a beta of 0.86.

Institutional Investors Weigh In On Creative Media & Community Trust Corporation

An institutional investor recently bought a new position in Creative Media & Community Trust Corporation stock. Cerity Partners LLC purchased a new stake in shares of Creative Media & Community Trust Corporation (NASDAQ:CMCT) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 11,173 shares of the real estate investment trust’s stock, valued at approximately $90,000. Cerity Partners LLC owned approximately 1.49% of Creative Media & Community Trust Corporation at the end of the most recent reporting period. Institutional investors and hedge funds own 28.34% of the company’s stock.

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.