NewRiver REIT (LON:NRR) Stock Passes Below Two Hundred Day Moving Average - Here's What Happened

NewRiver REIT plc (LON:NRR - Get Free Report)'s share price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 73.97 ($0.98) and traded as low as GBX 70.60 ($0.94). NewRiver REIT shares last traded at GBX 72.40 ($0.96), with a volume of 496,898 shares.

Analyst Upgrades and Downgrades

Separately, Shore Capital reaffirmed a "house stock" rating on shares of NewRiver REIT in a report on Thursday, March 6th.

NewRiver REIT Price Performance

The firm has a market cap of £357.33 million, a PE ratio of 78.00, a price-to-earnings-growth ratio of -3.14 and a beta of 1.10. The stock's fifty day moving average price is GBX 69.88 and its 200-day moving average price is GBX 73.75. 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 Transactions at NewRiver REIT

In other news, insider Alastair Miller acquired 29,359 shares of the company's stock in a transaction that occurred on Wednesday, March 12th. The stock was purchased at an average price of GBX 68 ($0.90) per share, with a total value of £19,964.12 ($26,551.56). Insiders own 7.73% of the company's stock.

NewRiver REIT Company Profile

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.