Residential Secure Income (LON:RESI) Sets New 12-Month Low – What’s Next?

Shares of Residential Secure Income plc (LON:RESI) reached a new 52-week low on Wednesday . The company traded as low as GBX 7 and last traded at GBX 7.25, with a volume of 616415 shares traded. The stock had previously closed at GBX 7.58.

Residential Secure Income Trading Down 4.4%

The company has a market cap of £13.42 million, a price-to-earnings ratio of -9.06 and a beta of 0.46. The firm’s fifty day simple moving average is GBX 33.68 and its 200 day simple moving average is GBX 46.30.

Residential Secure Income (LON:RESI) last announced its quarterly earnings data on Wednesday, June 24th. The company reported GBX 0.60 earnings per share for the quarter. The business had revenue of GBX 1,491 million for the quarter. Residential Secure Income had a negative net margin of 30.59% and a negative return on equity of 6.87%. As a group, sell-side analysts expect that Residential Secure Income plc will post 6.1000003 EPS for the current year.

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.