Real Estate Credit Investments (LON:RECI) Shares Cross Below 200-Day Moving Average – Here’s Why

Real Estate Credit Investments Limited (LON:RECI) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 120.28 and traded as low as GBX 114. Real Estate Credit Investments shares last traded at GBX 116, with a volume of 174,301 shares changing hands.

Real Estate Credit Investments Price Performance

The company has a quick ratio of 0.10, a current ratio of 26.75 and a debt-to-equity ratio of 38.72. The business has a 50-day moving average price of GBX 116.31 and a two-hundred day moving average price of GBX 120.22. The company has a market capitalization of £253.10 million, a price-to-earnings ratio of 16.59 and a beta of 0.20.

Real Estate Credit Investments (LON:RECI) last posted its quarterly earnings results on Thursday, June 25th. The company reported GBX 6.90 earnings per share (EPS) for the quarter. The business had revenue of GBX 3,329 million during the quarter. Real Estate Credit Investments had a net margin of 58.16% and a return on equity of 4.90%. As a group, research analysts anticipate that Real Estate Credit Investments Limited will post 9.1564528 EPS for the current year.

Insider Activity

In other Real Estate Credit Investments news, insider Colleen McHugh bought 7,000 shares of the firm’s stock in a transaction dated Monday, June 29th. The stock was bought at an average cost of GBX 116 per share, with a total value of £8,120. 0.41% 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.