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

Shares of Real Estate Credit Investments Limited (LON:RECI - Get Free Report) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 124.10 ($1.68) and traded as high as GBX 125 ($1.69). Real Estate Credit Investments shares last traded at GBX 124 ($1.68), with a volume of 616,199 shares changing hands.

Real Estate Credit Investments Stock Performance

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 firm has a market capitalization of £276.29 million, a price-to-earnings ratio of 1.19 and a beta of 0.42. The company has a 50-day moving average of GBX 123.35 and a 200-day moving average of GBX 124.08.

Insider Activity at Real Estate Credit Investments

In related news, insider Mark Thompson acquired 10,000 shares of the stock in a transaction that occurred on Thursday, March 20th. The stock was purchased at an average cost of GBX 124 ($1.68) per share, for a total transaction of £12,400 ($16,804.45). Corporate insiders own 0.50% of the company's stock.

Real Estate Credit Investments Company Profile

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.