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

NewRiver REIT logo with Real Estate background

NewRiver REIT plc (LON:NRR - Get Free Report)'s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 73.42 ($1.01) and traded as low as GBX 73 ($1.00). NewRiver REIT shares last traded at GBX 74.30 ($1.02), with a volume of 894,850 shares changing hands.

Analyst Upgrades and Downgrades

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

Get Our Latest Analysis on NewRiver REIT

NewRiver REIT Stock Performance

The stock has a market capitalization of £355.90 million, a P/E ratio of 77.69, a PEG ratio of -3.14 and a beta of 1.10. The company has a debt-to-equity ratio of 90.77, a quick ratio of 3.00 and a current ratio of 5.48. The company's fifty day simple moving average is GBX 76.80 and its two-hundred day simple moving average is GBX 73.42.

NewRiver REIT (LON:NRR - Get Free Report) last released its quarterly earnings results on Tuesday, June 3rd. The real estate investment trust reported GBX 6.30 ($0.09) 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, equities analysts forecast that NewRiver REIT plc will post 7.4795268 EPS for the current 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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