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

Real Estate Credit Investments Limited (LON:RECI) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 122.83 and traded as low as GBX 119. Real Estate Credit Investments shares last traded at GBX 122, with a volume of 161,899 shares trading hands.

Real Estate Credit Investments Stock Up 2.5%

The stock has a market cap of £269.67 million, a PE ratio of 14.19 and a beta of 0.20. The company has a debt-to-equity ratio of 22.25, a quick ratio of 0.10 and a current ratio of 0.30. The company’s 50-day moving average price is GBX 121.63 and its 200 day moving average price is GBX 122.83.

Insider Activity

In other Real Estate Credit Investments news, insider Andreas Tautscher purchased 9,500 shares of Real Estate Credit Investments stock in a transaction dated Tuesday, March 10th. The stock was purchased at an average price of GBX 127 per share, with a total value of £12,065. Also, insider Colleen McHugh purchased 6,000 shares of Real Estate Credit Investments stock in a transaction dated Friday, March 20th. The shares were acquired at an average cost of GBX 122 per share, with a total value of £7,320. 0.40% of the stock is owned by corporate insiders.

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.