Creative Media & Community Trust Co. (NASDAQ:CMCT) Share Price Crosses Below Two Hundred Day Moving Average – What’s Next?

Shares of Creative Media & Community Trust Co. (NASDAQ:CMCT) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $1.42 and traded as low as $0.12. Creative Media & Community Trust Co. shares last traded at $0.14, with a volume of 2,690,786 shares.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of Creative Media & Community Trust Co. in a report on Wednesday. They set a “sell” rating on the stock.

Creative Media & Community Trust Co. Stock Performance

The firm has a 50-day simple moving average of $0.31 and a two-hundred day simple moving average of $1.40. The company has a current ratio of 2.71, a quick ratio of 2.71 and a debt-to-equity ratio of 438.44. The company has a market capitalization of $15.17 million, a price-to-earnings ratio of -0.06 and a beta of 0.45.

Creative Media & Community Trust Co. (NASDAQ:CMCT) last announced its quarterly earnings results on Friday, November 8th. The real estate investment trust reported ($1.22) EPS for the quarter, missing the consensus estimate of ($0.36) by ($0.86). The company had revenue of $28.62 million during the quarter. During the same period in the previous year, the business posted ($0.30) earnings per share. As a group, sell-side analysts forecast that Creative Media & Community Trust Co. will post -1.22 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP increased its position in Creative Media & Community Trust Co. by 13.7% during the second quarter. Dimensional Fund Advisors LP now owns 65,190 shares of the real estate investment trust’s stock worth $175,000 after buying an additional 7,863 shares during the last quarter. EWG Elevate Inc. bought a new stake in shares of Creative Media & Community Trust Co. during the 3rd quarter worth about $37,000. Carnegie Investment Counsel bought a new stake in shares of Creative Media & Community Trust Co. during the 3rd quarter worth about $50,000. Calton & Associates Inc. acquired a new position in shares of Creative Media & Community Trust Co. during the 3rd quarter valued at about $47,000. Finally, Sequoia Financial Advisors LLC bought a new position in shares of Creative Media & Community Trust Co. in the 3rd quarter valued at approximately $65,000. Institutional investors own 28.34% of the company’s stock.

Creative Media & Community Trust Co. Company Profile

Creative Media & Community Trust Corporation (the Company), is a Maryland corporation and real estate investment trust (REIT). The Company primarily acquires, develops, owns and operates both premier multifamily properties situated in vibrant communities throughout the United States and Class A and creative office real assets in markets with similar business and employment characteristics to its multifamily investments.