Residential Secure Income (LON:RESI) Hits New 12-Month Low – What’s Next?

Residential Secure Income plc (LON:RESI)’s stock price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as GBX 7 and last traded at GBX 7.25, with a volume of 616415 shares traded. The stock had previously closed at GBX 7.58.

Residential Secure Income Stock Performance

The company has a market capitalization of £13.33 million, a price-to-earnings ratio of -9.00 and a beta of 0.46. The business has a 50-day simple moving average of GBX 31.73 and a two-hundred day simple moving average of GBX 45.63.

Residential Secure Income (LON:RESI) last released its earnings results on Wednesday, June 24th. The company reported GBX 0.60 EPS for the quarter. Residential Secure Income had a negative net margin of 30.59% and a negative return on equity of 6.87%. The company had revenue of GBX 1,491 million during the quarter. Research analysts predict 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.