Residential Secure Income (LON:RESI) Hits New 52-Week Low – Time to Sell?

Residential Secure Income plc (LON:RESI) shares hit a new 52-week low during trading on Monday . The company traded as low as GBX 7.50 and last traded at GBX 8.66, with a volume of 2062964 shares changing hands. The stock had previously closed at GBX 27.10.

Residential Secure Income Stock Performance

The company has a market cap of £16.04 million, a price-to-earnings ratio of -10.82 and a beta of 0.45. The company has a fifty day moving average of GBX 44.21 and a two-hundred day moving average of GBX 50.33.

Residential Secure Income (LON:RESI) last posted its earnings results on Wednesday, June 24th. The company reported GBX 0.60 EPS for the quarter. The firm had revenue of GBX 1,491 million during the quarter. Residential Secure Income had a negative return on equity of 6.87% and a negative net margin of 30.59%. Equities analysts expect that Residential Secure Income plc will post 6.1000003 EPS for the current fiscal year.

About Residential Secure Income

Residential Secure Income plc (ReSI or the Company) (LSE: RESI) is a real estate investment trust (REIT) focused on delivering secure, inflation-linked returns in two sub-sectors in UK residential housing; independent retirement rentals and shared ownership, which are underpinned by an ageing demographic and untapped, strong demand for affordable homes. Our purpose is to deliver affordable, high-quality, safe homes with great customer service and long-term stability of tenure for residents. We achieve this through meeting demand from housing developers (housing associations, local authorities and private developers) for long-term investment partners to accelerate the development of socially and economically beneficial affordable housing.