Residential Secure Income plc (LON:RESI – Get Free Report)’s share price reached a new 52-week low during trading on Friday. The company traded as low as GBX 6.16 and last traded at GBX 6.70, with a volume of 852,934 shares traded. The stock had previously closed at GBX 6.80.
Residential Secure Income Price Performance
The company has a market cap of £12.41 million, a price-to-earnings ratio of -8.38 and a beta of 0.46. The business’s fifty day moving average price is GBX 7.86 and its 200 day moving average price is GBX 34.19.
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.
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