Residential Secure Income (LON:RESI) Stock Price Up 1.1% – Here’s Why

Residential Secure Income plc (LON:RESI)’s share price was up 1.1% during trading on Thursday. The company traded as high as GBX 7.98 and last traded at GBX 7.50. Approximately 384,153 shares traded hands during mid-day trading, a decline of 62% from the average session volume of 1,005,597 shares. The stock had previously closed at GBX 7.42.

Residential Secure Income Stock Down 0.5%

The stock has a market cap of £13.70 million, a P/E ratio of -9.25 and a beta of 0.46. The company has a 50-day simple moving average of GBX 16.31 and a two-hundred day simple moving average of GBX 40.36.

Residential Secure Income (LON:RESI) last issued its earnings results on Wednesday, June 24th. The company reported GBX 0.60 EPS for the quarter. The company 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 forecast that Residential Secure Income plc will post 6.1000003 earnings per share for the current fiscal 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.