NewRiver REIT (LON:NRR) Shares Cross Below Two Hundred Day Moving Average of $80.09

Shares of NewRiver REIT plc (LON:NRR) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 80.09 ($1.01) and traded as low as GBX 75.50 ($0.95). NewRiver REIT shares last traded at GBX 77.50 ($0.98), with a volume of 607,790 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reaffirmed a “house stock” rating on shares of NewRiver REIT in a research note on Wednesday, December 6th.

NewRiver REIT Stock Performance

The firm has a market cap of £251.01 million, a price-to-earnings ratio of -1,011.25, a P/E/G ratio of -3.14 and a beta of 1.07. The stock has a 50 day moving average of GBX 76.40 and a 200 day moving average of GBX 80.10. The company has a quick ratio of 3.00, a current ratio of 4.57 and a debt-to-equity ratio of 101.63.

About NewRiver REIT

NewRiver REIT plc ('NewRiver') is a leading Real Estate Investment Trust specialising in buying, managing and developing resilient retail assets throughout the UK. Our £0.6 billion UK wide portfolio covers 6.4 million sq ft and comprises 25 community shopping centres and 12 conveniently located retail parks occupied by tenants predominately focused on essential goods and services.