Residential Secure Income (LON:RESI) Trading Down 15.6% – What’s Next?

Residential Secure Income plc (LON:RESI)’s stock price traded down 15.6% during trading on Thursday . The company traded as low as GBX 6.19 and last traded at GBX 7.60. Approximately 1,223,579 shares changed hands during trading, an increase of 29% from the average daily volume of 949,315 shares. The stock had previously closed at GBX 9.

Residential Secure Income Price Performance

The firm has a market capitalization of £14.07 million, a price-to-earnings ratio of -9.50 and a beta of 0.46. The stock has a fifty day moving average of GBX 37.37 and a two-hundred day moving average of GBX 47.66.

Residential Secure Income (LON:RESI) last released its quarterly earnings results on Wednesday, June 24th. The company reported GBX 0.60 EPS for the quarter. Residential Secure Income had a negative return on equity of 6.87% and a negative net margin of 30.59%.The firm had revenue of GBX 1,491 million for the quarter. On average, research analysts forecast that Residential Secure Income plc will post 6.1000003 EPS for the current year.

About Residential Secure Income

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.