Wheeler Real Estate Investment Trust (NASDAQ:WHLR) Stock Price Crosses Below 200-Day Moving Average of $0.32

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $0.32 and traded as low as $0.14. Wheeler Real Estate Investment Trust shares last traded at $0.14, with a volume of 239,048 shares traded.

Wheeler Real Estate Investment Trust Price Performance

The firm has a market capitalization of $9.65 million, a PE ratio of 0.00 and a beta of 1.68. The stock has a 50-day moving average price of $0.17 and a 200-day moving average price of $0.32.

Institutional Trading of Wheeler Real Estate Investment Trust

A hedge fund recently bought a new stake in Wheeler Real Estate Investment Trust stock. Bandera Partners LLC bought a new position in shares of Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 2,435,309 shares of the real estate investment trust’s stock, valued at approximately $743,000. Wheeler Real Estate Investment Trust comprises approximately 0.2% of Bandera Partners LLC’s portfolio, making the stock its 18th biggest holding. Bandera Partners LLC owned 75.40% of Wheeler Real Estate Investment Trust as of its most recent filing with the Securities and Exchange Commission (SEC). 35.28% of the stock is currently owned by hedge funds and other institutional investors.

About Wheeler Real Estate Investment Trust

Headquartered in Virginia Beach, Virginia, Wheeler Real Estate Investment Trust, Inc is a fully integrated, self-managed commercial real estate investment trust (REIT) focused on owning and operating income-producing retail properties with a primary focus on grocery-anchored centers.