Real Estate Credit Investments (LON:RECI) Stock Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

Real Estate Credit Investments Limited (LON:RECI) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 124.92 and traded as low as GBX 122.50. Real Estate Credit Investments shares last traded at GBX 123.50, with a volume of 340,329 shares traded.

Real Estate Credit Investments Trading Down 0.4%

The business has a 50 day moving average price of GBX 122.83 and a 200-day moving average price of GBX 124.92. The firm has a market cap of £273.79 million, a price-to-earnings ratio of 14.36 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.

Real Estate Credit Investments (LON:RECI) last released its quarterly earnings results on Thursday, November 27th. The company reported GBX 4.20 earnings per share 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, research analysts expect that Real Estate Credit Investments Limited will post 9.1564528 EPS for the current fiscal year.

Insider Activity at Real Estate Credit Investments

In other news, insider Colleen McHugh purchased 8,000 shares of the business’s stock in a transaction dated Thursday, December 4th. The shares were acquired at an average price of GBX 124 per share, for a total transaction of £9,920. Also, insider Sally-Ann Farnon (Susie) acquired 20,500 shares of the firm’s stock in a transaction that occurred on Tuesday, December 9th. The stock was purchased at an average cost of GBX 121 per share, with a total value of £24,805. Company insiders own 0.38% 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.