Regional REIT (LON:RGL) Stock Passes Below 50 Day Moving Average - Here's What Happened

Key Points

• Regional REIT's share price fell below its fifty day moving average of GBX 123.82, with recent trading at GBX 125.
• The company has a market capitalization of £197.31 million and a negative price-to-earnings ratio of -363.37.
• Insider David Hunter purchased 30,000 shares at GBX 125, indicating potential confidence in the company's valuation.

Regional REIT Limited (LON:RGL - Get Free Report) passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 123.82 ($1.68) and traded as low as GBX 120.40 ($1.63). Regional REIT shares last traded at GBX 125 ($1.70), with a volume of 175,470 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reissued a "house stock" rating on shares of Regional REIT in a report on Tuesday.

Regional REIT Price Performance

The stock has a market cap of £202.29 million, a price-to-earnings ratio of -372.54 and a beta of 0.90. The stock has a fifty day simple moving average of GBX 123.81 and a 200-day simple moving average of GBX 116.90. The company has a current ratio of 0.67, a quick ratio of 1.30 and a debt-to-equity ratio of 153.74.

Regional REIT (LON:RGL - Get Free Report) last released its earnings results on Tuesday, September 9th. The company reported GBX (4.90) earnings per share (EPS) for the quarter. Regional REIT had a negative net margin of 89.90% and a negative return on equity of 28.79%.

Insider Buying and Selling

In other news, insider Stephen Inglis acquired 40,000 shares of Regional REIT stock in a transaction on Thursday, September 11th. The stock was bought at an average price of GBX 124 per share, for a total transaction of £49,600. Also, insider David Hunter acquired 30,000 shares of Regional REIT stock in a transaction on Monday, July 7th. The stock was purchased at an average price of GBX 125 per share, with a total value of £37,500. Company insiders own 1.07% of the company's stock.

Regional REIT Company Profile

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.