Shares of Residential Secure Income plc (LON:RESI – Get Free Report) reached a new 52-week low 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. The stock had previously closed at GBX 6.80.
Residential Secure Income Price Performance
The stock’s 50 day simple moving average is GBX 7.86 and its two-hundred day simple moving average is GBX 34.19. The stock has a market cap of £12.41 million, a P/E ratio of -8.38 and a beta of 0.46.
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.
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