Creative Media & Community Trust Corporation (NASDAQ:CMCT) Stock Crosses Below 200 Day Moving Average – What’s Next?

Shares of Creative Media & Community Trust Corporation (NASDAQ:CMCT) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $7.06 and traded as low as $3.73. Creative Media & Community Trust Corporation shares last traded at $3.86, with a volume of 876,877 shares traded.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Creative Media & Community Trust Corporation in a research note on Monday. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

Creative Media & Community Trust Corporation Price Performance

The stock’s fifty day simple moving average is $6.04 and its two-hundred day simple moving average is $7.06. The company has a market capitalization of $3.05 million, a price-to-earnings ratio of -0.04 and a beta of 0.45.

Hedge Funds Weigh In On Creative Media & Community Trust Corporation

An institutional investor recently bought a new position in Creative Media & Community Trust Corporation stock. Cerity Partners LLC purchased a new position in shares of Creative Media & Community Trust Corporation (NASDAQ:CMCT) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 11,173 shares of the real estate investment trust’s stock, valued at approximately $90,000. Cerity Partners LLC owned about 1.49% of Creative Media & Community Trust Corporation as of its most recent filing with the Securities & Exchange Commission. 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.