Residential Secure Income (LON:RESI) Hits New 12-Month Low – What’s Next?

Residential Secure Income plc (LON:RESI) shares hit a new 52-week low during mid-day trading on Monday . The stock traded as low as GBX 7.50 and last traded at GBX 8.66, with a volume of 2062964 shares changing hands. The stock had previously closed at GBX 27.10.

Residential Secure Income Trading Up 11.9%

The firm has a fifty day simple moving average of GBX 42.50 and a 200 day simple moving average of GBX 49.66. The stock has a market cap of £17.03 million, a price-to-earnings ratio of -11.50 and a beta of 0.45.

Residential Secure Income (LON:RESI) last announced its quarterly earnings data on Wednesday, June 24th. The company reported GBX 0.60 earnings per share for the quarter. The company had revenue of GBX 1,491 million for the quarter. Residential Secure Income had a negative return on equity of 6.87% and a negative net margin of 30.59%. On average, equities analysts expect that Residential Secure Income plc will post 6.1000003 earnings per share for the current year.

About Residential Secure Income

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.