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NewRiver REIT (LON:NRR) Shares Pass Above Two Hundred Day Moving Average - Here's What Happened

NewRiver REIT logo with Real Estate background

Shares of NewRiver REIT plc (LON:NRR - Get Free Report) 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 ($1.07). NewRiver REIT shares last traded at GBX 78.30 ($1.05), with a volume of 2,007,582 shares.

Analyst Upgrades and Downgrades

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

Get Our Latest Stock Analysis on NewRiver REIT

NewRiver REIT Stock Down 0.1%

The company has a 50-day moving average of GBX 76.49 and a 200-day moving average of GBX 73.55. The company has a current ratio of 5.48, a quick ratio of 3.00 and a debt-to-equity ratio of 90.77. The company has a market capitalization of £356.63 million, a price-to-earnings ratio of 77.85, a price-to-earnings-growth ratio of -3.14 and a beta of 1.10.

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

NewRiver REIT Company Profile

(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.

Further Reading

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