Creative Media & Community Trust Corporation (NASDAQ:CMCT) Stock Crosses Below 50 Day Moving Average – Time to Sell?

Creative Media & Community Trust Corporation (NASDAQ:CMCT) shares passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $4.96 and traded as low as $3.15. Creative Media & Community Trust Corporation shares last traded at $3.22, with a volume of 213,884 shares changing hands.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Wall Street Zen raised Creative Media & Community Trust Corporation to a “hold” rating in a research report on Saturday, December 13th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Creative Media & Community Trust Corporation in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of “Sell”.

Creative Media & Community Trust Corporation Stock Performance

The company has a fifty day moving average price of $4.96 and a two-hundred day moving average price of $6.36. The company has a market cap of $2.54 million, a P/E ratio of -0.03 and a beta of 0.39.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Creative Media & Community Trust Corporation stock. Cerity Partners LLC acquired a new stake in Creative Media & Community Trust Corporation (NASDAQ:CMCT) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 11,173 shares of the real estate investment trust’s stock, valued at approximately $90,000. Cerity Partners LLC owned about 1.49% of Creative Media & Community Trust Corporation at the end of the most recent quarter. Hedge funds and other institutional investors own 28.34% of the company’s stock.

Creative Media & Community Trust Corporation Company Profile

Creative Media & Community Trust Corporation is a real estate investment trust (REIT) that specializes in originating and acquiring first-lien mortgage loans on non-owner-occupied residential properties in the United States. The company focuses on providing capital to real estate investors and rental homeowners, offering financing solutions tailored to single-family homes, small multifamily properties and other residential real estate investments. Its business model centers on underwriting, closing and servicing mortgage loans that help facilitate real estate acquisitions, refinancings and portfolio expansions for its clients.

The company’s loan portfolio is diversified across key U.S.