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NewRiver REIT (LON:NRR) Share Price Crosses Above 200 Day Moving Average - Should You Sell?

NewRiver REIT logo with Real Estate background

NewRiver REIT plc (LON:NRR - Get Free Report) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 73.61 ($0.99) and traded as high as GBX 79.30 ($1.06). NewRiver REIT shares last traded at GBX 78.30 ($1.05), with a volume of 2,007,582 shares.

Wall Street Analyst Weigh In

Separately, Shore Capital restated a "house stock" rating on shares of NewRiver REIT in a research note on Friday, May 30th.

Get Our Latest Stock Report on NRR

NewRiver REIT Stock Up 0.9%

The business's 50 day moving average price is GBX 76.15 and its 200-day moving average price is GBX 73.61. The company has a debt-to-equity ratio of 90.77, a current ratio of 5.48 and a quick ratio of 3.00. The company has a market cap of £373.55 million, a P/E ratio of 81.54, a PEG ratio of -3.14 and a beta of 1.10.

NewRiver REIT (LON:NRR - Get Free Report) last posted its earnings results on Tuesday, June 3rd. The real estate investment trust reported GBX 6.30 ($0.08) earnings per share (EPS) for the quarter. NewRiver REIT had a net margin of 4.16% and a return on equity of 0.78%. On average, analysts anticipate that NewRiver REIT plc will post 7.4795268 earnings per share for the current fiscal year.

About NewRiver REIT

(Get Free Report)

NewRiver is a leading Real Estate Investment Trust specialising in buying, managing and developing retail and leisure assets across the UK. Every day, our shopping centres, retail parks and pubs provide essential goods and services to their local communities.

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