Creative Media & Community Trust Corporation (NASDAQ:CMCT) Stock Passes Below 50-Day Moving Average – Time to Sell?

Creative Media & Community Trust Corporation (NASDAQ:CMCT)’s stock price passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $5.51 and traded as low as $3.94. Creative Media & Community Trust Corporation shares last traded at $4.31, with a volume of 56,304,870 shares changing hands.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Creative Media & Community Trust Corporation in a report on Monday, December 8th. Wall Street Zen raised shares of Creative Media & Community Trust Corporation to a “hold” rating in a research note on Saturday, December 13th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

Creative Media & Community Trust Corporation Trading Up 35.1%

The stock has a market capitalization of $3.40 million, a PE ratio of -0.04 and a beta of 0.45. The business has a fifty day moving average price of $5.51 and a 200-day moving average price of $6.74.

Institutional Investors Weigh In On Creative Media & Community Trust Corporation

A hedge fund recently bought a new stake in Creative Media & Community Trust Corporation stock. Cerity Partners LLC purchased a new position in shares of Creative Media & Community Trust Corporation (NASDAQ:CMCT) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm 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 at the end of the most recent reporting period. 28.34% of the stock is currently owned by institutional investors and hedge funds.

Creative Media & Community Trust Corporation Company Profile

Creative Media & Community Trust Corporation is a real estate investment trust (REIT) that specializes in originating and acquiring first-lien mortgage loans on non-owner-occupied residential properties in the United States. The company focuses on providing capital to real estate investors and rental homeowners, offering financing solutions tailored to single-family homes, small multifamily properties and other residential real estate investments. Its business model centers on underwriting, closing and servicing mortgage loans that help facilitate real estate acquisitions, refinancings and portfolio expansions for its clients.

The company’s loan portfolio is diversified across key U.S.