Regional REIT (LON:RGL) Stock Price Passes Above 50-Day Moving Average – What’s Next?

Shares of Regional REIT Limited (LON:RGL) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 93.81 and traded as high as GBX 94.40. Regional REIT shares last traded at GBX 86.30, with a volume of 120,984 shares traded.

Regional REIT Stock Performance

The firm has a 50 day simple moving average of GBX 93.81 and a 200-day simple moving average of GBX 101.54. The company has a debt-to-equity ratio of 85.73, a current ratio of 117.42 and a quick ratio of 1.30. The company has a market cap of £144.10 million, a price-to-earnings ratio of -8.80 and a beta of 0.64.

Regional REIT (LON:RGL) last posted its earnings results on Tuesday, March 24th. The company reported GBX (10.10) earnings per share (EPS) for the quarter. Regional REIT had a negative return on equity of 4.99% and a negative net margin of 20.80%.

About Regional REIT

Regional REIT Limited is a UK based real estate investment trust, focused on building a large geographically diverse portfolio of income producing regional properties outside of the M25 motorway.

Regional REIT pursues its investment objective by investing in, actively managing and disposing of regional core property and core plus property assets. It aims to deliver an attractive total return to its shareholders, with a strong focus on income supported by additional capital growth prospects.