Creative Media & Community Trust Co. (NASDAQ:CMCT) Share Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

Creative Media & Community Trust Co. (NASDAQ:CMCT)’s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.42 and traded as low as $0.12. Creative Media & Community Trust Co. shares last traded at $0.14, with a volume of 2,690,786 shares changing hands.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on Creative Media & Community Trust Co. in a research report on Wednesday. They issued a “sell” rating on the stock.

Creative Media & Community Trust Co. Price Performance

The company has a quick ratio of 2.71, a current ratio of 2.71 and a debt-to-equity ratio of 438.44. The stock’s 50-day moving average price is $0.32 and its 200 day moving average price is $1.42. The firm has a market cap of $12.15 million, a price-to-earnings ratio of -0.05 and a beta of 0.45.

Creative Media & Community Trust Co. (NASDAQ:CMCT) last announced its quarterly earnings data on Friday, November 8th. The real estate investment trust reported ($1.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.36) by ($0.86). The firm had revenue of $28.62 million for the quarter. During the same period in the previous year, the business posted ($0.30) earnings per share. Equities research analysts predict that Creative Media & Community Trust Co. will post -1.22 earnings per share for the current year.

Institutional Investors Weigh In On Creative Media & Community Trust Co.

Several large investors have recently modified their holdings of the stock. Cerity Partners LLC bought a new stake in shares of Creative Media & Community Trust Co. in the 3rd quarter worth about $1,397,000. Arkadios Wealth Advisors bought a new position in Creative Media & Community Trust Co. during the 3rd quarter valued at about $548,000. PFG Investments LLC acquired a new position in Creative Media & Community Trust Co. in the third quarter valued at about $266,000. Sequoia Financial Advisors LLC bought a new stake in Creative Media & Community Trust Co. during the third quarter worth about $65,000. Finally, Carnegie Investment Counsel acquired a new stake in shares of Creative Media & Community Trust Co. during the third quarter worth approximately $50,000. 28.34% of the stock is currently owned by institutional investors.

Creative Media & Community Trust Co. Company Profile

Creative Media & Community Trust Corporation (the Company), is a Maryland corporation and real estate investment trust (REIT). The Company primarily acquires, develops, owns and operates both premier multifamily properties situated in vibrant communities throughout the United States and Class A and creative office real assets in markets with similar business and employment characteristics to its multifamily investments.