Real Estate Credit Investments (LON:RECI) Stock Crosses Below 200-Day Moving Average – Here’s What Happened

Real Estate Credit Investments Limited (LON:RECI) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 125.71 and traded as low as GBX 121.76. Real Estate Credit Investments shares last traded at GBX 123.50, with a volume of 22,173 shares.

Real Estate Credit Investments Price Performance

The stock has a market cap of £273.79 million, a PE ratio of 14.36 and a beta of 0.42. The stock’s fifty day moving average is GBX 122.93 and its 200-day moving average is GBX 125.71. The company has a debt-to-equity ratio of 7.29, a current ratio of 7.27 and a quick ratio of 0.10.

Real Estate Credit Investments (LON:RECI) last posted its earnings results on Thursday, November 27th. The company reported GBX 4.20 earnings per share for the quarter. Real Estate Credit Investments had a net margin of 814.69% and a return on equity of 72.23%. As a group, equities analysts anticipate that Real Estate Credit Investments Limited will post 9.1564528 EPS for the current year.

Insider Buying and Selling at Real Estate Credit Investments

In other Real Estate Credit Investments news, insider Colleen McHugh bought 8,000 shares of Real Estate Credit Investments stock in a transaction on Thursday, December 4th. The shares were bought at an average price of GBX 124 per share, for a total transaction of £9,920. Also, insider Sally-Ann Farnon (Susie) purchased 20,500 shares of the firm’s stock in a transaction dated Tuesday, December 9th. The stock was acquired at an average cost of GBX 121 per share, for a total transaction of £24,805. 0.38% of the stock is owned by company 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.