Wheeler Real Estate Investment Trust (NASDAQ:WHLR) Shares Cross Below 200 Day Moving Average – Time to Sell?

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $77.34 and traded as low as $1.09. Wheeler Real Estate Investment Trust shares last traded at $1.26, with a volume of 2,633,769 shares trading hands.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Wheeler Real Estate Investment Trust from a “sell” rating to a “hold” rating in a research report on Thursday, March 6th.

Wheeler Real Estate Investment Trust Price Performance

The company’s 50-day moving average price is $6.83 and its two-hundred day moving average price is $77.34. The company has a market capitalization of $1.30 million, a price-to-earnings ratio of 0.00 and a beta of 1.90.

Wheeler Real Estate Investment Trust (NASDAQ:WHLR) last issued its quarterly earnings results on Tuesday, March 4th. The real estate investment trust reported $92.30 earnings per share for the quarter. The business had revenue of $27.59 million for the quarter.

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.