Real Estate Credit Investments (LON:RECI) Share Price Crosses Below 200-Day Moving Average – What’s Next?

Real Estate Credit Investments Limited (LON:RECI) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 125.71 and traded as low as GBX 121.76. Real Estate Credit Investments shares last traded at GBX 123.50, with a volume of 22,173 shares traded.

Real Estate Credit Investments Price Performance

The stock has a fifty day moving average of GBX 122.92 and a two-hundred day moving average of GBX 125.69. The company has a current ratio of 7.27, a quick ratio of 0.10 and a debt-to-equity ratio of 7.29. The stock has a market capitalization of £273.79 million, a price-to-earnings ratio of 14.36 and a beta of 0.42.

Real Estate Credit Investments (LON:RECI) last posted its quarterly earnings data on Thursday, November 27th. The company reported GBX 4.20 EPS for the quarter. Real Estate Credit Investments had a return on equity of 72.23% and a net margin of 814.69%. As a group, equities research analysts forecast that Real Estate Credit Investments Limited will post 9.1564528 earnings per share for the current year.

Insider Transactions at Real Estate Credit Investments

In related news, insider Colleen McHugh bought 8,000 shares of the company’s stock in a transaction on Thursday, December 4th. The stock was bought at an average cost of GBX 124 per share, with a total value of £9,920. Also, insider Sally-Ann Farnon (Susie) purchased 20,500 shares of the firm’s stock in a transaction dated Tuesday, December 9th. The shares were bought at an average cost of GBX 121 per share, for a total transaction of £24,805. 0.38% of the stock is owned by corporate insiders.

About Real Estate Credit Investments

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.