Real Estate Credit Investments (LON:RECI) Stock Passes Below 200-Day Moving Average – What’s Next?

Real Estate Credit Investments Limited (LON:RECI)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 119.36 and traded as low as GBX 116.50. Real Estate Credit Investments shares last traded at GBX 118, with a volume of 167,287 shares trading hands.

Real Estate Credit Investments Price Performance

The company has a market cap of £258.62 million, a P/E ratio of 16.96 and a beta of 0.20. The company has a current ratio of 26.75, a quick ratio of 0.10 and a debt-to-equity ratio of 38.72. The firm’s 50 day moving average price is GBX 116.07 and its 200-day moving average price is GBX 119.33.

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

Insider Buying and Selling

In other Real Estate Credit Investments news, insider Colleen McHugh bought 7,000 shares of the company’s stock in a transaction on Monday, June 29th. The stock was bought at an average price of GBX 116 per share, for a total transaction of £8,120. Corporate insiders own 0.41% of the company’s stock.

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.