Real Estate Credit Investments (LON:RECI) Stock Passes Below 200 Day Moving Average – What’s Next?

Real Estate Credit Investments Limited (LON:RECI) shares passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 123.37 and traded as low as GBX 117.50. Real Estate Credit Investments shares last traded at GBX 117.50, with a volume of 350,986 shares.

Real Estate Credit Investments Stock Performance

The company’s fifty day moving average price is GBX 122.89 and its 200 day moving average price is GBX 123.37. The company has a market cap of £265.53 million, a PE ratio of 13.97 and a beta of 0.20. The company has a debt-to-equity ratio of 22.25, a current ratio of 0.30 and a quick ratio of 0.10.

Insider Activity

In other news, insider Andreas Tautscher bought 9,500 shares of the stock in a transaction dated Tuesday, March 10th. The stock was bought at an average price of GBX 127 per share, for a total transaction of £12,065. Also, insider Colleen McHugh bought 6,000 shares of the stock in a transaction dated Friday, March 20th. The stock was purchased at an average price of GBX 122 per share, with a total value of £7,320. Corporate insiders own 0.40% of the company’s stock.

About Real Estate Credit Investments

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.