NewRiver REIT plc (LON:NRR – Get Free Report)’s share price passed below its 200-day moving average during trading on Wednesday after an insider sold shares in the company. The stock has a 200-day moving average of GBX 72.93 ($0.99) and traded as low as GBX 69.20 ($0.94). NewRiver REIT shares last traded at GBX 71 ($0.96), with a volume of 591,439 shares traded.
Specifically, insider Will Hobman sold 66,339 shares of the business’s stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of GBX 70, for a total transaction of £46,437.30.
Analyst Upgrades and Downgrades
Separately, Shore Capital reissued a “house stock” rating on shares of NewRiver REIT in a report on Thursday, July 31st.
NewRiver REIT Trading Up 1.9%
The business has a fifty day simple moving average of GBX 72.02 and a 200-day simple moving average of GBX 72.93. The company has a debt-to-equity ratio of 90.77, a quick ratio of 3.00 and a current ratio of 5.48. The firm has a market cap of £302.46 million, a price-to-earnings ratio of 1,126.98, a PEG ratio of -3.14 and a beta of 1.10.
About NewRiver REIT
NewRiver is a leading Real Estate Investment Trust specialising in buying, managing and developing retail and leisure assets across the UK. Every day, our shopping centres, retail parks and pubs provide essential goods and services to their local communities.
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