Real Estate Credit Investments (LON:RECI) Shares Cross Above 200-Day Moving Average – Time to Sell?

Real Estate Credit Investments Limited (LON:RECI – Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 118.54 and traded as high as GBX 119. Real Estate Credit Investments shares last traded at GBX 119, with a volume of 161,708 shares traded.

Real Estate Credit Investments Stock Performance

The company has a current ratio of 26.75, a quick ratio of 0.10 and a debt-to-equity ratio of 38.72. The business’s 50 day moving average is GBX 116.71 and its two-hundred day moving average is GBX 118.48. The company has a market cap of £258.62 million, a PE ratio of 16.96 and a beta of 0.20.

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Real Estate Credit Investments (LON:RECI – Get Free Report) last released its quarterly earnings data on Thursday, June 25th. The company reported GBX 6.90 EPS for the quarter. Real Estate Credit Investments had a net margin of 58.16% and a return on equity of 4.90%. The business had revenue of GBX 3,329 million during the quarter. On average, equities research analysts anticipate that Real Estate Credit Investments Limited will post 9.1564528 EPS for the current year.

Insiders Place Their Bets

In related news, insider Colleen McHugh purchased 7,000 shares of the firm’s stock in a transaction that occurred on Monday, June 29th. The shares were bought at an average price of GBX 116 per share, for a total transaction of £8,120. Insiders own 0.41% of the company’s stock.

About Real Estate Credit Investments

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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.

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