Residential Secure Income plc (LON:RESI – Get Free Report) shares passed above its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of GBX 7.01 and traded as high as GBX 7.05. Residential Secure Income shares last traded at GBX 7.05, with a volume of 88,649 shares.
Residential Secure Income Trading Up 11.9%
The company has a market cap of £13.06 million, a P/E ratio of -8.81 and a beta of 0.46. The company’s 50-day moving average price is GBX 7.01 and its two-hundred day moving average price is GBX 36.67.
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.
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