Real Estate Credit Investments (LON:RECI) Shares Pass Below Two Hundred Day Moving Average – Here’s What Happened

Shares of Real Estate Credit Investments Limited (LON:RECI) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 117.60 and traded as low as GBX 116.13. Real Estate Credit Investments shares last traded at GBX 118, with a volume of 309,620 shares trading hands.

Real Estate Credit Investments Stock Performance

The company has a debt-to-equity ratio of 38.72, a quick ratio of 0.10 and a current ratio of 26.75. The stock has a market cap of £260.83 million, a P/E ratio of 17.10 and a beta of 0.20. The company has a 50-day simple moving average of GBX 116.84 and a 200-day simple moving average of GBX 117.50.

Real Estate Credit Investments (LON:RECI) last announced its earnings results on Thursday, June 25th. The company reported GBX 6.90 EPS for the quarter. Real Estate Credit Investments had a return on equity of 4.90% and a net margin of 58.16%.The company had revenue of GBX 3,329 million for the quarter. On average, sell-side analysts forecast that Real Estate Credit Investments Limited will post 9.1564528 EPS for the current fiscal year.

Insider Transactions at Real Estate Credit Investments

In related news, insider Colleen McHugh acquired 7,000 shares of the firm’s stock in a transaction on Monday, June 29th. The shares were purchased at an average price of GBX 116 per share, with a total value of £8,120. 0.41% of the stock is currently 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.