NewRiver REIT (LON:NRR) Stock Price Crosses Above Two Hundred Day Moving Average - Time to Sell?

Shares of NewRiver REIT plc (LON:NRR - Get Free Report) 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.

Analysts Set New Price Targets

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

NewRiver REIT Trading Down 1.0%

The firm has a market cap of £367.83 million, a PE ratio of 80.29, a PEG ratio of -3.14 and a beta of 1.10. The stock's fifty day simple moving average is GBX 71.28 and its two-hundred day simple moving average is GBX 73.43. The company has a quick ratio of 3.00, a current ratio of 5.48 and a debt-to-equity ratio of 90.77.

Insider Activity

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

About NewRiver REIT

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.