Real Estate Credit Investments (LON:RECI) Stock Price Passes Below 200-Day Moving Average – Should You Sell?

Real Estate Credit Investments Limited (LON:RECI)’s share price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 120.28 and traded as low as GBX 114. Real Estate Credit Investments shares last traded at GBX 116, with a volume of 174,301 shares.

Real Estate Credit Investments Price Performance

The stock has a fifty day moving average price of GBX 116.35 and a 200-day moving average price of GBX 120.28. The company has a market cap of £256.41 million, a PE ratio of 16.81 and a beta of 0.20. The company has a debt-to-equity ratio of 38.72, a current ratio of 26.75 and a quick ratio of 0.10.

Real Estate Credit Investments (LON:RECI) last issued its quarterly earnings results on Thursday, June 25th. The company reported GBX 6.90 earnings per share for the quarter. The business had revenue of GBX 3,329 million for the quarter. Real Estate Credit Investments had a return on equity of 4.90% and a net margin of 58.16%. On average, equities analysts expect that Real Estate Credit Investments Limited will post 9.1564528 earnings per share for the current year.

Insider Buying and Selling

In other Real Estate Credit Investments news, insider Colleen McHugh bought 7,000 shares of the stock in a transaction on Monday, June 29th. The shares were bought at an average price of GBX 116 per share, with a total value of £8,120. Insiders own 0.41% of the company’s stock.

Real Estate Credit Investments Company Profile

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. $5bn via private funds and managed accounts. RECI’s overarching aim is to deliver a stable quarterly dividend with minimal volatility, through economic and credit cycles via a levered exposure to real estate credit investments.