Residential Secure Income plc (LON:RESI – Get Free Report) shares hit a new 52-week low on Tuesday. The company traded as low as GBX 6.16 and last traded at GBX 6.16, with a volume of 669,893 shares changing hands. The stock had previously closed at GBX 6.80.
Residential Secure Income Trading Down 9.4%
The stock has a market capitalization of £11.41 million, a price-to-earnings ratio of -7.70 and a beta of 0.46. The company’s 50 day moving average is GBX 7.24 and its 200 day moving average is GBX 38.70.
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.
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