Regional REIT (LON:RGL) Share Price Breaks Below 50-Day Moving Average – Here’s Why

Regional REIT Limited (LON:RGL) shares crossed below its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of GBX 95.27 and traded as low as GBX 88. Regional REIT shares last traded at GBX 89.70, with a volume of 137,113 shares changing hands.

Wall Street Analyst Weigh In

Separately, Shore Capital Group reiterated a “house stock” rating on shares of Regional REIT in a research report on Tuesday, September 8th.

Regional REIT Stock Performance

The firm has a market capitalization of £142.64 million, a P/E ratio of -8.71 and a beta of 0.69. The company has a debt-to-equity ratio of 81.33, a quick ratio of 1.30 and a current ratio of 167.08. The company has a 50-day simple moving average of GBX 94.88 and a two-hundred day simple moving average of GBX 92.78.

Regional REIT (LON:RGL) last announced its quarterly earnings data on Tuesday, September 8th. The company reported GBX 4.20 EPS for the quarter. Regional REIT had a negative return on equity of 3.61% and a negative net margin of 15.53%.

Regional REIT Company Profile

Regional REIT Limited is a UK based real estate investment trust, focused on building a large geographically diverse portfolio of income producing regional properties outside of the M25 motorway.

Regional REIT pursues its investment objective by investing in, actively managing and disposing of regional core property and core plus property assets. It aims to deliver an attractive total return to its shareholders, with a strong focus on income supported by additional capital growth prospects.