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

Shares of NewRiver REIT plc (LON:NRR) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 73.48 ($0.98) and traded as high as GBX 78.70 ($1.05). NewRiver REIT shares last traded at GBX 77.65 ($1.03), with a volume of 805,919 shares changing hands.

Analyst Upgrades and Downgrades

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

NewRiver REIT Stock Performance

The firm has a market cap of £370.98 million, a price-to-earnings ratio of 80.98, a price-to-earnings-growth ratio of -3.14 and a beta of 1.10. The stock’s 50 day moving average is GBX 71.90 and its 200 day moving average is GBX 73.48. 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 related news, insider Alastair Miller purchased 29,359 shares of the firm’s stock in a transaction that occurred on Wednesday, March 12th. The shares were acquired at an average price of GBX 68 ($0.90) per share, for a total transaction of £19,964.12 ($26,569.23). 7.73% of the stock is owned by company 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.