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Real Estate Investors (LON:RLE) Stock Price Crosses Above 200 Day Moving Average - Here's Why

Real Estate Investors logo with Real Estate background

Key Points

  • Real Estate Investors Plc's stock price recently surpassed its 200-day moving average of GBX 30.98, trading at a high of GBX 32 during the session.
  • The company has a market capitalization of £54.64 million and a P/E ratio of -2,314.81, indicating potential volatility in its earnings.
  • Real Estate Investors is a publicly quoted property investment company and REIT, focusing on mixed-use commercial properties in the Midlands with a highly-experienced management team.
  • MarketBeat previews top five stocks to own in October.

Real Estate Investors Plc (LON:RLE - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 30.98 ($0.42) and traded as high as GBX 32 ($0.43). Real Estate Investors shares last traded at GBX 31.25 ($0.42), with a volume of 87,140 shares.

Real Estate Investors Price Performance

The company has a market cap of £53.80 million, a price-to-earnings ratio of -2,279.26 and a beta of 0.66. The business's fifty day moving average price is GBX 31.87 and its 200 day moving average price is GBX 31.

About Real Estate Investors

(Get Free Report)

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.

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