Creative Media & Community Trust Co. (NASDAQ:CMCT) Stock Price Passes Below 200 Day Moving Average – Should You Sell?

Creative Media & Community Trust Co. (NASDAQ:CMCT)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $6.34 and traded as low as $0.66. Creative Media & Community Trust Co. shares last traded at $0.69, with a volume of 72,145 shares changing hands.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on shares of Creative Media & Community Trust Co. in a research note on Friday, January 10th. They set a “sell” rating on the stock.

Creative Media & Community Trust Co. Stock Performance

The firm’s fifty day moving average price is $1.01 and its 200 day moving average price is $6.23. 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 firm has a market capitalization of $5.96 million, a PE ratio of -0.02 and a beta of 0.42.

Hedge Funds Weigh In On Creative Media & Community Trust Co.

Several institutional investors and hedge funds have recently modified their holdings of CMCT. Commonwealth Equity Services LLC grew its holdings in shares of Creative Media & Community Trust Co. by 843.4% during the 4th quarter. Commonwealth Equity Services LLC now owns 4,039,660 shares of the real estate investment trust’s stock valued at $909,000 after acquiring an additional 3,611,442 shares in the last quarter. Cerity Partners LLC bought a new stake in Creative Media & Community Trust Co. in the third quarter worth $1,397,000. Renaissance Technologies LLC boosted its holdings in Creative Media & Community Trust Co. by 1,228.7% in the fourth quarter. Renaissance Technologies LLC now owns 695,912 shares of the real estate investment trust’s stock worth $157,000 after purchasing an additional 643,535 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Creative Media & Community Trust Co. by 229.9% in the fourth quarter. Geode Capital Management LLC now owns 619,964 shares of the real estate investment trust’s stock worth $143,000 after purchasing an additional 432,056 shares in the last quarter. Finally, XTX Topco Ltd bought a new stake in Creative Media & Community Trust Co. in the fourth quarter worth $84,000. 28.34% of the stock is currently owned by hedge funds and other institutional investors.

Creative Media & Community Trust Co. Company Profile

Creative Media & Community Trust Corp. is a real estate investment trust that seeks to own, operate, and develop premier multifamily and creative office assets in vibrant and emerging communities throughout the United States. It operates through the following segments: Office, Hotel, and Lending.