Creative Media & Community Trust Corporation (NASDAQ:CMCT) Stock Price Passes Below 200-Day Moving Average – Time to Sell?

Shares of Creative Media & Community Trust Corporation (NASDAQ:CMCT) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $17.59 and traded as low as $2.46. Creative Media & Community Trust Corporation shares last traded at $2.58, with a volume of 16,630 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CMCT. Zacks Research raised Creative Media & Community Trust Corporation to a “hold” rating in a report on Friday, June 5th. Weiss Ratings cut Creative Media & Community Trust Corporation from a “sell (d)” rating to a “sell (e+)” rating in a research report on Monday, August 24th. Finally, Wall Street Zen raised Creative Media & Community Trust Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, June 27th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Creative Media & Community Trust Corporation presently has an average rating of “Reduce”.

Creative Media & Community Trust Corporation Trading Down 7.0%

The business’s 50 day simple moving average is $3.59 and its two-hundred day simple moving average is $17.48. The stock has a market cap of $6.62 million, a P/E ratio of -0.00 and a beta of 0.83. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 2.80.

Creative Media & Community Trust Corporation (NASDAQ:CMCT) last announced its quarterly earnings results on Friday, August 14th. The real estate investment trust reported ($4.03) EPS for the quarter, missing analysts’ consensus estimates of ($3.11) by ($0.92). The firm had revenue of $29.68 million during the quarter, compared to the consensus estimate of $28.10 million. Creative Media & Community Trust Corporation had a negative net margin of 36.99% and a negative return on equity of 60.85%. As a group, analysts expect that Creative Media & Community Trust Corporation will post -6.38 EPS for the current year.

Hedge Funds Weigh In On Creative Media & Community Trust Corporation

An institutional investor recently bought a new position in Creative Media & Community Trust Corporation stock. Blackhawk Capital Partners LLC bought a new stake in Creative Media & Community Trust Corporation (NASDAQ:CMCT) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 576,519 shares of the real estate investment trust’s stock, valued at approximately $354,000. Blackhawk Capital Partners LLC owned about 2,135.26% of Creative Media & Community Trust Corporation at the end of the most recent reporting period. 28.34% of the stock is currently owned by hedge funds and other institutional investors.

About Creative Media & Community Trust Corporation

Creative Media & Community Trust Corporation is a real estate investment trust that acquires, develops, owns and operates income-producing commercial real estate. The company’s portfolio has included office, multifamily, hotel and entertainment-related properties, with investments generally focused on U.S. markets.

In addition to owning real estate, Creative Media & Community Trust provides financing through commercial real estate loans and other credit investments secured by property.