Regional REIT (LON:RGL) Stock Price Passes Above Fifty Day Moving Average - Here's Why

Regional REIT Limited (LON:RGL - Get Free Report) shares crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 110.66 ($1.48) and traded as high as GBX 121.20 ($1.63). Regional REIT shares last traded at GBX 120.40 ($1.61), with a volume of 142,443 shares changing hands.

Analysts Set New Price Targets

Separately, Shore Capital reaffirmed a "house stock" rating on shares of Regional REIT in a research report on Tuesday, March 25th.

Regional REIT Price Performance

The firm has a market cap of £185.89 million, a P/E ratio of -0.72 and a beta of 0.90. The business has a 50-day simple moving average of GBX 111.52 and a 200 day simple moving average of GBX 115.82. The company has a debt-to-equity ratio of 153.74, a quick ratio of 1.30 and a current ratio of 0.67.

Regional REIT (LON:RGL - Get Free Report) last announced its earnings results on Tuesday, March 25th. The company reported GBX (33.50) (($0.45)) earnings per share (EPS) for the quarter. Regional REIT had a negative return on equity of 28.79% and a negative net margin of 89.90%.

About Regional REIT

Regional REIT Limited is a UK based real estate investment trust, focused on building a large geographically diverse portfolio of income producing regional properties outside of the M25 motorway. Regional REIT pursues its investment objective by investing in, actively managing and disposing of regional core property and core plus property assets.