Real Estate Credit Investments (LON:RECI) Stock Price Passes Below 200-Day Moving Average – Here’s Why

Real Estate Credit Investments Limited (LON:RECIGet Free Report) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 121.17 and traded as low as GBX 116. Real Estate Credit Investments shares last traded at GBX 116.50, with a volume of 124,982 shares traded.

Real Estate Credit Investments Stock Down 0.9%

The company has a current ratio of 0.30, a quick ratio of 0.10 and a debt-to-equity ratio of 22.25. The firm’s 50 day simple moving average is GBX 117.65 and its two-hundred day simple moving average is GBX 121.14. The firm has a market cap of £255.31 million, a price-to-earnings ratio of 13.43 and a beta of 0.20.

About Real Estate Credit Investments

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Real Estate Credit Investments (RECI) is a closed-ended investment company which originates and invests in real estate debt secured by commercial real estate in Western Europe, focusing primarily on the United Kingdom, France and Spain.

RECI is externally managed by Cheyne Capital’s real estate business which was formed in 2008 and currently manages c. $5bn via private funds and managed accounts. RECI’s overarching aim is to deliver a stable quarterly dividend with minimal volatility, through economic and credit cycles via a levered exposure to real estate credit investments.

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