Real Estate Credit Investments (LON:RECI) Stock Passes Below 200 Day Moving Average - Here's Why

Key Points

• Real Estate Credit Investments Limited (LON:RECI) has dropped below its 200-day moving average of GBX 125.76, with recent trading at GBX 125.50.
• Insider Colleen McHugh purchased 8,000 shares at an average price of GBX 124 per share, amounting to a transaction total of £9,920.
• The company specializes in real estate debt investments secured by commercial properties, predominantly in the UK, France, and Spain.

Real Estate Credit Investments Limited (LON:RECI - ) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 125.76 ($1.69) and traded as low as GBX 124 ($1.67). Real Estate Credit Investments shares last traded at GBX 125.50 ($1.69), with a volume of 319,627 shares.

Real Estate Credit Investments Trading Down 0.3%

The company has a fifty day simple moving average of GBX 127.17 and a 200-day simple moving average of GBX 125.76. The company has a current ratio of 7.27, a quick ratio of 0.10 and a debt-to-equity ratio of 7.29. The stock has a market cap of £277.39 million, a price-to-earnings ratio of 1,226.69 and a beta of 0.42.

Insider Transactions at Real Estate Credit Investments

In related news, insider Colleen McHugh acquired 8,000 shares of the business's stock in a transaction on Tuesday, August 26th. The shares were purchased at an average price of GBX 124 per share, for a total transaction of £9,920. Insiders own 0.38% of the company's stock.

About Real Estate Credit Investments

Real Estate Credit Investments (RECI) is a closed-ended investment company which originates and invests in real estate debt secured by commercial real estate in Western Europe, focusing primarily on the United Kingdom, France and Spain. RECI is externally managed by Cheyne Capital's real estate business which was formed in 2008 and currently manages c.

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