Creative Media & Community Trust Corporation (NASDAQ:CMCT) Shares Cross Above 50 Day Moving Average – Should You Sell?

Creative Media & Community Trust Corporation (NASDAQ:CMCT)’s share price crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $6.83 and traded as high as $6.98. Creative Media & Community Trust Corporation shares last traded at $6.72, with a volume of 45,151 shares trading hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Creative Media & Community Trust Corporation in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

Creative Media & Community Trust Corporation Price Performance

The company’s fifty day moving average price is $6.83 and its 200 day moving average price is $7.07. The company has a market cap of $5.31 million, a PE ratio of -0.02 and a beta of 0.89.

Institutional Trading of Creative Media & Community Trust Corporation

A hedge fund recently bought a new stake in Creative Media & Community Trust Corporation stock. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Creative Media & Community Trust Corporation (NASDAQ:CMCT) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 114,602 shares of the real estate investment trust’s stock, valued at approximately $29,000. Harel Insurance Investments & Financial Services Ltd. owned about 15.18% of Creative Media & Community Trust Corporation as of its most recent filing with the Securities and Exchange Commission (SEC). 28.34% of the stock is owned by institutional investors and hedge funds.

About Creative Media & Community Trust Corporation

Creative Media & Community Trust Corp. is a real estate investment trust that seeks to own, operate, and develop premier multifamily and creative office assets in vibrant and emerging communities throughout the United States. It operates through the following segments: Office, Hotel, and Lending.