KCR Residential REIT (LON:KCR) Shares Pass Below 200 Day Moving Average – Here’s Why

Shares of KCR Residential REIT (LON:KCR) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 9.50 and traded as low as GBX 9.50. KCR Residential REIT shares last traded at GBX 11, with a volume of 1,581 shares changing hands.

KCR Residential REIT Stock Performance

The business’s fifty day simple moving average is GBX 10.39 and its 200 day simple moving average is GBX 9.50. The stock has a market cap of £4.58 million, a price-to-earnings ratio of -9.48 and a beta of 0.18.

KCR Residential REIT (LON:KCR) last posted its quarterly earnings results on Tuesday, March 17th. The company reported GBX (0.91) earnings per share for the quarter. KCR Residential REIT had a negative net margin of 23.79% and a negative return on equity of 3.87%.

KCR Residential REIT Company Profile

KCR Residential REIT plc was admitted to AIM on the London Stock Exchange on 3 July 2015.

KCR’s objective is capitalise on its position as the first REIT specialising in residential property in the private rented sector (PRS) to build a substantial investment portfolio that generates secure income flow for shareholders through the acquisition of property SPVs. KCR intends to achieve this objective by acquiring, improving and managing residential property assets in areas in the UK that have potential for growth in rental and capital values.