Regional REIT (LON:RGL) Shares Cross Below Fifty Day Moving Average – Here’s Why

Shares of Regional REIT Limited (LON:RGL) passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 111.98 ($1.52) and traded as low as GBX 111 ($1.51). Regional REIT shares last traded at GBX 113.20 ($1.54), with a volume of 227,217 shares.

Analyst Ratings Changes

Separately, Shore Capital reiterated a “buy” rating on shares of Regional REIT in a report on Thursday, May 22nd.

Regional REIT Price Performance

The company has a current ratio of 0.67, a quick ratio of 1.30 and a debt-to-equity ratio of 153.74. The company’s 50-day moving average price is GBX 111.98 and its two-hundred day moving average price is GBX 115.45. The company has a market cap of £186.44 million, a P/E ratio of -0.72 and a beta of 0.90.

Regional REIT (LON:RGL) last posted its earnings results on Tuesday, March 25th. The company reported GBX (33.50) (($0.45)) earnings per share (EPS) for the quarter. Regional REIT had a negative net margin of 89.90% and a negative return on equity of 28.79%.

Regional REIT Company Profile

Regional REIT Limited is a UK based real estate investment trust, focused on building a large geographically diverse portfolio of income producing regional properties outside of the M25 motorway.

Regional REIT pursues its investment objective by investing in, actively managing and disposing of regional core property and core plus property assets.