Shares of Residential Secure Income plc (LON:RESI – Get Free Report) passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 53.06 and traded as low as GBX 51.20. Residential Secure Income shares last traded at GBX 51.20, with a volume of 119,476 shares.
Residential Secure Income Price Performance
The company has a fifty day simple moving average of GBX 53.06 and a two-hundred day simple moving average of GBX 55.43. The stock has a market capitalization of £94.80 million, a P/E ratio of -10.45 and a beta of 0.44.
Residential Secure Income Company Profile
Residential Secure Income plc (ReSI or the Company) (LSE: RESI) is a real estate investment trust (REIT) focused on delivering secure, inflation-linked returns in two sub-sectors in UK residential housing; independent retirement rentals and shared ownership, which are underpinned by an ageing demographic and untapped, strong demand for affordable homes. Our purpose is to deliver affordable, high-quality, safe homes with great customer service and long-term stability of tenure for residents. We achieve this through meeting demand from housing developers (housing associations, local authorities and private developers) for long-term investment partners to accelerate the development of socially and economically beneficial affordable housing.
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