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NewRiver REIT (LON:NRR) Shares Pass Above 200-Day Moving Average - What's Next?

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 Friday . The stock has a 200-day moving average of GBX 73.43 ($0.99) and traded as high as GBX 77.90 ($1.05). NewRiver REIT shares last traded at GBX 75.80 ($1.02), with a volume of 274,256 shares traded.

Wall Street Analysts Forecast Growth

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

View Our Latest Stock Report on NewRiver REIT

NewRiver REIT Stock Performance

The firm has a 50 day moving average of GBX 72.96 and a two-hundred day moving average of GBX 73.40. The stock has a market cap of £373.07 million, a PE ratio of 81.44, a PEG ratio of -3.14 and a beta of 1.10. The company has a debt-to-equity ratio of 90.77, a current ratio of 5.48 and a quick ratio of 3.00.

Insider Buying and Selling

In other news, insider Alastair Miller acquired 29,359 shares of NewRiver REIT stock in a transaction on Wednesday, March 12th. The stock was bought at an average price of GBX 68 ($0.92) per share, for a total transaction of £19,964.12 ($26,894.95). 7.73% of the stock is owned by company insiders.

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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