Real Estate Credit Investments (LON:RECI) Stock Passes Above 50-Day Moving Average – Should You Sell?

Real Estate Credit Investments Limited (LON:RECI) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 116.71 and traded as high as GBX 117. Real Estate Credit Investments shares last traded at GBX 116.34, with a volume of 208,136 shares trading hands.

Real Estate Credit Investments Stock Down 0.4%

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 simple moving average is GBX 116.51 and its 200-day simple moving average is GBX 120.47. The stock has a market capitalization of £255.31 million, a price-to-earnings ratio of 16.74 and a beta of 0.29.

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

Insider Buying and Selling

In other Real Estate Credit Investments news, insider Colleen McHugh bought 7,000 shares of the stock in a transaction dated Monday, June 29th. The shares were bought at an average cost of GBX 116 per share, with a total value 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.