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Real Estate Investors (LON:RLE) Stock Crosses Above 50-Day Moving Average - Here's Why

Real Estate Investors logo with Real Estate background

Real Estate Investors Plc (LON:RLE - Get Free Report) crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 31.66 ($0.43) and traded as high as GBX 32.48 ($0.44). Real Estate Investors shares last traded at GBX 32.48 ($0.44), with a volume of 343,605 shares trading hands.

Real Estate Investors Trading Up 2.5%

The stock's fifty day simple moving average is GBX 31.91 and its 200 day simple moving average is GBX 30.42. The company has a market cap of £57.20 million, a price-to-earnings ratio of -4.84 and a beta of 0.66.

About Real Estate Investors

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Real Estate Investors Plc is a publicly quoted, internally managed property investment company and REIT with a portfolio of mixed-use commercial property, managed by a highly-experienced property team with over 100 years of combined experience of operating in the Midlands property market across all sectors.

Further Reading

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