Residential Secure Income (LON:RESI) Shares Down 13.3% – What’s Next?

Residential Secure Income plc (LON:RESI)’s share price fell 13.3% during trading on Thursday . The stock traded as low as GBX 7.23 and last traded at GBX 7.25. Approximately 41,100,289 shares traded hands during trading, an increase of 3,378% from the average daily volume of 1,181,615 shares. The stock had previously closed at GBX 8.36.

Residential Secure Income Trading Down 13.3%

The company has a market cap of £13.42 million, a price-to-earnings ratio of -9.06 and a beta of 0.46. The stock has a 50 day moving average price of GBX 32.71 and a two-hundred day moving average price of GBX 45.96.

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

Residential Secure Income Company Profile

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.