Real Estate Credit Investments (LON:RECI) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Real Estate Credit Investments Limited (LON:RECI) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 124.66 and traded as high as GBX 127. Real Estate Credit Investments shares last traded at GBX 127, with a volume of 64,465 shares.

Real Estate Credit Investments Stock Performance

The stock has a market cap of £281.55 million, a price-to-earnings ratio of 14.77 and a beta of 0.42. The company has a quick ratio of 0.10, a current ratio of 7.27 and a debt-to-equity ratio of 7.29. The company has a 50 day simple moving average of GBX 123.66 and a 200 day simple moving average of GBX 124.66.

Real Estate Credit Investments (LON:RECI) last announced its earnings results on Thursday, November 27th. The company reported GBX 4.20 earnings per share (EPS) for the quarter. Real Estate Credit Investments had a return on equity of 72.23% and a net margin of 814.69%. As a group, equities research analysts forecast that Real Estate Credit Investments Limited will post 9.1564528 EPS for the current year.

Insider Activity

In other news, insider Sally-Ann Farnon (Susie) acquired 20,500 shares of Real Estate Credit Investments stock in a transaction on Tuesday, December 9th. The stock was acquired at an average cost of GBX 121 per share, with a total value of £24,805. Also, insider Colleen McHugh bought 8,000 shares of the firm’s stock in a transaction on Thursday, December 4th. The stock was purchased at an average cost of GBX 124 per share, with a total value of £9,920. Insiders own 0.40% of the company’s stock.

Real Estate Credit Investments Company Profile

Real Estate Credit Investments (RECI) is a closed-ended investment company which originates and invests in real estate debt secured by commercial real estate in Western Europe, focusing primarily on the United Kingdom, France and Spain.

RECI is externally managed by Cheyne Capital’s real estate business which was formed in 2008 and currently manages c. $5bn via private funds and managed accounts. RECI’s overarching aim is to deliver a stable quarterly dividend with minimal volatility, through economic and credit cycles via a levered exposure to real estate credit investments.