Wheeler Real Estate Investment Trust (NASDAQ:WHLR) Stock Passes Below 200 Day Moving Average – Here’s Why

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $169.91 and traded as low as $6.16. Wheeler Real Estate Investment Trust shares last traded at $7.20, with a volume of 52,192,724 shares trading hands.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded shares of Wheeler Real Estate Investment Trust from a “sell” rating to a “hold” rating in a report on Tuesday, May 20th.

Wheeler Real Estate Investment Trust Stock Performance

The company’s fifty day simple moving average is $6.63 and its two-hundred day simple moving average is $169.91. The stock has a market capitalization of $4.03 million, a PE ratio of 0.00 and a beta of 1.47.

Wheeler Real Estate Investment Trust (NASDAQ:WHLR) last posted its earnings results on Tuesday, May 6th. The real estate investment trust reported $9.24 earnings per share for the quarter. Wheeler Real Estate Investment Trust had a net margin of 2.59% and a negative return on equity of 10.75%. The firm had revenue of $24.35 million during the quarter.

Wheeler Real Estate Investment Trust Company Profile

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.