NewRiver REIT (LON:NRR) Hits New 1-Year Low – Should You Sell?

NewRiver REIT plc (LON:NRR)’s stock price hit a new 52-week low during mid-day trading on Friday . The stock traded as low as GBX 65.90 ($0.86) and last traded at GBX 66.39 ($0.87), with a volume of 2740677 shares. The stock had previously closed at GBX 69.40 ($0.91).

Wall Street Analyst Weigh In

Separately, Shore Capital reaffirmed a “house stock” rating on shares of NewRiver REIT in a report on Thursday, March 6th.

NewRiver REIT Stock Down 4.3 %

The company has a market cap of £316.74 million, a PE ratio of 69.14, a price-to-earnings-growth ratio of -3.14 and a beta of 1.10. The business has a fifty day simple moving average of GBX 71.22 and a two-hundred day simple moving average of GBX 75.34. The company has a current ratio of 5.48, a quick ratio of 3.00 and a debt-to-equity ratio of 90.77.

Insider Transactions at NewRiver REIT

In other NewRiver REIT news, insider Alastair Miller acquired 29,359 shares of the stock in a transaction on Wednesday, March 12th. The shares were bought at an average cost of GBX 68 ($0.89) per share, with a total value of £19,964.12 ($26,158.44). Corporate insiders own 7.73% of the company’s stock.

About NewRiver REIT

NewRiver is a leading Real Estate Investment Trust specialising in buying, managing and developing retail and leisure assets across the UK. Every day, our shopping centres, retail parks and pubs provide essential goods and services to their local communities.