Real Estate Credit Investments (LON:RECI) Share Price Passes Below 200 Day Moving Average – What’s Next?

Real Estate Credit Investments Limited (LON:RECI) shares passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 119.93 and traded as low as GBX 114.50. Real Estate Credit Investments shares last traded at GBX 116, with a volume of 386,434 shares trading hands.

Real Estate Credit Investments Stock Performance

The firm’s 50-day moving average price is GBX 115.99 and its 200 day moving average price is GBX 119.93. The company has a debt-to-equity ratio of 38.72, a quick ratio of 0.10 and a current ratio of 26.75. The company has a market cap of £256.41 million, a price-to-earnings ratio of 16.81 and a beta of 0.20.

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

Insider Transactions at Real Estate Credit Investments

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

About Real Estate Credit Investments

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.