Real Estate Credit Investments (LON:RECI) Stock Passes Below Two Hundred Day Moving Average - Here's What Happened

Key Points

• RECI crossed below its 200-day moving average, with the 200-day MA at GBX 122.83, the stock trading as low as GBX 119 and last at GBX 122 on volume of 161,899 shares.
• Insiders bought shares: Andreas Tautscher purchased 9,500 shares at GBX 127 and Colleen McHugh bought 6,000 shares at GBX 122, while corporate insiders own about 0.40% of the company.
• Real Estate Credit Investments is a closed-ended manager-backed vehicle (market cap £269.67M, P/E 14.19, debt/equity 22.25) that originates real estate debt in Western Europe and aims to deliver a stable quarterly dividend via leveraged real estate credit exposure.

Real Estate Credit Investments Limited (LON:RECI - ) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 122.83 and traded as low as GBX 119. Real Estate Credit Investments shares last traded at GBX 122, with a volume of 161,899 shares trading hands.

Real Estate Credit Investments Stock Up 2.5%

The stock has a market cap of £269.67 million, a PE ratio of 14.19 and a beta of 0.20. The company has a debt-to-equity ratio of 22.25, a quick ratio of 0.10 and a current ratio of 0.30. The company's 50-day moving average price is GBX 121.63 and its 200 day moving average price is GBX 122.83.

Insider Activity

In other Real Estate Credit Investments news, insider Andreas Tautscher purchased 9,500 shares of Real Estate Credit Investments stock in a transaction dated Tuesday, March 10th. The stock was purchased at an average price of GBX 127 per share, with a total value of £12,065. Also, insider Colleen McHugh purchased 6,000 shares of Real Estate Credit Investments stock in a transaction dated Friday, March 20th. The shares were acquired at an average cost of GBX 122 per share, with a total value of £7,320. 0.40% of the stock is owned by corporate insiders.

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. $5bn via private funds and managed accounts. RECI's overarching aim is to deliver a stable quarterly dividend with minimal volatility, through economic and credit cycles via a levered exposure to real estate credit investments.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.