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NewRiver REIT (LON:NRR) Shares Pass Above 200 Day Moving Average - Time to Sell?

NewRiver REIT logo with Real Estate background

NewRiver REIT plc (LON:NRR - Get Free Report)'s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 73.55 ($0.97) and traded as high as GBX 79.10 ($1.04). NewRiver REIT shares last traded at GBX 77.90 ($1.03), with a volume of 456,685 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reaffirmed a "house stock" rating on shares of NewRiver REIT in a report on Tuesday, April 29th.

Get Our Latest Stock Report on NewRiver REIT

NewRiver REIT Stock Down 1.0%

The stock has a market cap of £367.83 million, a price-to-earnings ratio of 80.29, a P/E/G ratio of -3.14 and a beta of 1.10. 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 firm's 50 day moving average is GBX 71.28 and its two-hundred day moving average is GBX 73.43.

Insider Transactions at NewRiver REIT

In other news, insider Alastair Miller purchased 29,359 shares of the company's stock in a transaction on Wednesday, March 12th. The shares were bought at an average price of GBX 68 ($0.90) per share, for a total transaction of £19,964.12 ($26,303.19). Company insiders own 7.73% of the company's stock.

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.

Further Reading

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