NewRiver REIT (LON:NRR) Stock Passes Below 200 Day Moving Average of $80.09

NewRiver REIT plc (LON:NRR) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 80.09 ($1.01) and traded as low as GBX 75.50 ($0.95). NewRiver REIT shares last traded at GBX 77.50 ($0.98), with a volume of 607,790 shares.

Wall Street Analysts Forecast Growth

Separately, Shore Capital restated a “house stock” rating on shares of NewRiver REIT in a report on Wednesday, December 6th.

NewRiver REIT Price Performance

The company has a quick ratio of 3.00, a current ratio of 4.57 and a debt-to-equity ratio of 101.63. The business’s 50 day simple moving average is GBX 76.33 and its two-hundred day simple moving average is GBX 80.09. The stock has a market capitalization of £240.46 million, a P/E ratio of -968.75, a price-to-earnings-growth ratio of -3.14 and a beta of 1.07.

About NewRiver REIT

NewRiver REIT plc ('NewRiver') is a leading Real Estate Investment Trust specialising in buying, managing and developing resilient retail assets throughout the UK. Our £0.6 billion UK wide portfolio covers 6.4 million sq ft and comprises 25 community shopping centres and 12 conveniently located retail parks occupied by tenants predominately focused on essential goods and services.