Creative Media & Community Trust Corporation (NASDAQ:CMCT) Stock Price Passes Below Two Hundred Day Moving Average – Here’s Why

Creative Media & Community Trust Corporation (NASDAQ:CMCT) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $88.10 and traded as low as $3.26. Creative Media & Community Trust Corporation shares last traded at $3.50, with a volume of 6,143 shares traded.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on CMCT. Wall Street Zen raised shares of Creative Media & Community Trust Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, June 27th. Weiss Ratings reiterated a “sell (d)” rating on shares of Creative Media & Community Trust Corporation in a research report on Friday, June 26th. Finally, Zacks Research raised shares of Creative Media & Community Trust Corporation to a “hold” rating in a research note on Friday, June 5th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce”.

Creative Media & Community Trust Corporation Stock Up 2.6%

The company has a debt-to-equity ratio of 2.67, a current ratio of 1.78 and a quick ratio of 1.78. The business has a 50 day simple moving average of $3.49 and a 200 day simple moving average of $88.10. The stock has a market cap of $9.66 million, a PE ratio of -0.00 and a beta of 0.81.

Creative Media & Community Trust Corporation (NASDAQ:CMCT) last posted its quarterly earnings results on Friday, May 8th. The real estate investment trust reported ($70.52) earnings per share for the quarter. The firm had revenue of $29.42 million for the quarter. Creative Media & Community Trust Corporation had a negative return on equity of 226.47% and a negative net margin of 36.20%. On average, equities research analysts forecast that Creative Media & Community Trust Corporation will post -14.38 EPS for the current fiscal year.

Hedge Funds Weigh In On Creative Media & Community Trust Corporation

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Blackhawk Capital Partners LLC bought a new stake in Creative Media & Community Trust Corporation in the first quarter worth approximately $354,000. Virtu Financial LLC bought a new position in shares of Creative Media & Community Trust Corporation during the 4th quarter valued at $55,000. Morton Capital Management LLC CA bought a new position in shares of Creative Media & Community Trust Corporation during the 4th quarter valued at $54,000. Kestra Advisory Services LLC bought a new position in shares of Creative Media & Community Trust Corporation during the 4th quarter valued at $52,000. Finally, Arkadios Wealth Advisors acquired a new stake in shares of Creative Media & Community Trust Corporation in the 4th quarter valued at $43,000. Institutional investors own 28.34% of the company’s stock.

About Creative Media & Community Trust Corporation

Creative Media & Community Trust Corporation is a real estate investment trust (REIT) that specializes in originating and acquiring first-lien mortgage loans on non-owner-occupied residential properties in the United States. The company focuses on providing capital to real estate investors and rental homeowners, offering financing solutions tailored to single-family homes, small multifamily properties and other residential real estate investments. Its business model centers on underwriting, closing and servicing mortgage loans that help facilitate real estate acquisitions, refinancings and portfolio expansions for its clients.

The company’s loan portfolio is diversified across key U.S.