Real Estate Credit Investments (LON:RECI) Stock Passes Below Two Hundred Day Moving Average – Here’s Why

Real Estate Credit Investments Limited (LON:RECI) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 124.62 and traded as low as GBX 124.50. Real Estate Credit Investments shares last traded at GBX 126, with a volume of 701,906 shares trading hands.

Real Estate Credit Investments Stock Performance

The company has a debt-to-equity ratio of 34.14, a current ratio of 5.74 and a quick ratio of 0.10. The company has a market capitalization of £277.88 million, a PE ratio of 14.58 and a beta of 0.42. The stock has a 50-day simple moving average of GBX 124.85 and a 200 day simple moving average of GBX 124.62.

Real Estate Credit Investments Company Profile

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.