NewRiver REIT (LON:NRR) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

NewRiver REIT plc (LON:NRR)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 73.55 ($0.98) and traded as high as GBX 79.10 ($1.05). NewRiver REIT shares last traded at GBX 77.90 ($1.04), with a volume of 456,685 shares traded.

Analysts Set New Price Targets

Separately, Shore Capital reaffirmed a “house stock” rating on shares of NewRiver REIT in a research report on Tuesday, April 29th.

NewRiver REIT Stock Performance

The company has a 50-day moving average of GBX 70.70 and a 200-day moving average of GBX 73.55. The firm has a market capitalization of £373.13 million, a P/E ratio of 81.45, a price-to-earnings-growth ratio of -3.14 and a beta of 1.10. 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 Activity at NewRiver REIT

In other news, insider Alastair Miller bought 29,359 shares of NewRiver REIT stock in a transaction dated Wednesday, March 12th. The stock was purchased at an average price of GBX 68 ($0.90) per share, for a total transaction of £19,964.12 ($26,540.97). 7.73% of the stock is owned by corporate insiders.

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.