Real Estate Credit Investments (LON:RECI) Share Price Crosses Below 200-Day Moving Average – Time to Sell?

Real Estate Credit Investments Limited (LON:RECI) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 119.67 and traded as low as GBX 117. Real Estate Credit Investments shares last traded at GBX 118, with a volume of 294,870 shares traded.

Real Estate Credit Investments Stock Up 0.4%

The firm’s 50-day simple moving average is GBX 115.97 and its 200 day simple moving average is GBX 119.67. 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 £260.83 million, a P/E ratio of 17.10 and a beta of 0.20.

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

Insider Transactions at Real Estate Credit Investments

In related news, insider Colleen McHugh bought 7,000 shares of the firm’s stock in a transaction dated Monday, June 29th. The stock was bought at an average cost of GBX 116 per share, for a total transaction of £8,120. Company 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.