Residential Secure Income plc (LON:RESI – Get Free Report) hit a new 52-week low during mid-day trading on Thursday. The stock traded as low as GBX 6.16 and last traded at GBX 7, with a volume of 475162 shares trading hands. The stock had previously closed at GBX 7.10.
Residential Secure Income Price Performance
The firm has a market capitalization of £12.96 million, a P/E ratio of -8.75 and a beta of 0.46. The stock’s 50 day moving average is GBX 12.47 and its two-hundred day moving average is GBX 37.67.
Residential Secure Income Company Profile
Residential Secure Income plc (ReSI or the Company) (LSE: RESI) is a real estate investment trust (REIT) focused on delivering secure, inflation-linked returns in two sub-sectors in UK residential housing; independent retirement rentals and shared ownership, which are underpinned by an ageing demographic and untapped, strong demand for affordable homes. Our purpose is to deliver affordable, high-quality, safe homes with great customer service and long-term stability of tenure for residents. We achieve this through meeting demand from housing developers (housing associations, local authorities and private developers) for long-term investment partners to accelerate the development of socially and economically beneficial affordable housing.
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