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NewRiver REIT (LON:NRR) Shares Pass Below 200-Day Moving Average - Here's Why

NewRiver REIT logo with Real Estate background

Shares of NewRiver REIT plc (LON:NRR - Get Free Report) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 73.01 ($0.99) and traded as low as GBX 70 ($0.95). NewRiver REIT shares last traded at GBX 70.62 ($0.95), with a volume of 1,124,112 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reiterated a "house stock" rating on shares of NewRiver REIT in a research report on Thursday, July 31st.

Get Our Latest Research Report on NRR

NewRiver REIT Stock Up 0.9%

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 fifty day moving average price of GBX 72.23 and a 200 day moving average price of GBX 72.96. The company has a market cap of £335.97 million, a PE ratio of 1,121.59, a price-to-earnings-growth ratio of -3.14 and a beta of 1.10.

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

Further Reading

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