Creative Media & Community Trust Corporation (NASDAQ:CMCT) Stock Crosses Below 200-Day Moving Average – Time to Sell?

Shares of Creative Media & Community Trust Corporation (NASDAQ:CMCT) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $18.70 and traded as low as $8.30. Creative Media & Community Trust Corporation shares last traded at $8.61, with a volume of 9,298 shares.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded Creative Media & Community Trust Corporation to a “sell” rating in a research note on Sunday, May 25th.

Creative Media & Community Trust Corporation Stock Performance

The company has a market cap of $6.46 million, a PE ratio of -0.02 and a beta of 0.86. The company has a debt-to-equity ratio of 438.44, a current ratio of 2.36 and a quick ratio of 2.36. The business has a 50-day moving average of $6.99 and a 200 day moving average of $18.70.

Creative Media & Community Trust Corporation (NASDAQ:CMCT) last issued its quarterly earnings results on Friday, May 9th. The real estate investment trust reported ($8.85) EPS for the quarter. The business had revenue of $32.30 million during the quarter. Equities research analysts anticipate that Creative Media & Community Trust Corporation will post -12.2 EPS for the current fiscal year.

Institutional Investors Weigh In On Creative Media & Community Trust Corporation

Several institutional investors have recently modified their holdings of the stock. LPL Financial LLC lifted its stake in shares of Creative Media & Community Trust Corporation by 69.5% during the 4th quarter. LPL Financial LLC now owns 126,285 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 51,766 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Creative Media & Community Trust Corporation during the 1st quarter worth approximately $29,000. Jane Street Group LLC lifted its stake in shares of Creative Media & Community Trust Corporation by 658.0% during the 4th quarter. Jane Street Group LLC now owns 136,251 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 118,275 shares during the last quarter. XTX Topco Ltd bought a new stake in shares of Creative Media & Community Trust Corporation during the 4th quarter worth approximately $84,000. Finally, Geode Capital Management LLC lifted its stake in shares of Creative Media & Community Trust Corporation by 229.9% during the 4th quarter. Geode Capital Management LLC now owns 619,964 shares of the real estate investment trust’s stock worth $143,000 after acquiring an additional 432,056 shares during the last quarter. 28.34% of the stock is owned by institutional investors.

About Creative Media & Community Trust Corporation

Creative Media & Community Trust Corp. is a real estate investment trust that seeks to own, operate, and develop premier multifamily and creative office assets in vibrant and emerging communities throughout the United States. It operates through the following segments: Office, Hotel, and Lending.