Residential Secure Income (LON:RESI) Sets New 52-Week Low - Here's What Happened

Key Points

• Shares hit a new 52-week low, trading as low as GBX 49 and last at GBX 51.80 on a volume of 198,924 shares.
• The stock trades below both the 50-day (GBX 55.69) and 200-day (GBX 56.92) moving averages and has a market cap of £95.91m with a negative PE (-10.57), indicating weakness.
• Residential Secure Income is a REIT focused on inflation-linked returns from independent retirement rentals and shared-ownership affordable housing.

Residential Secure Income plc (LON:RESI - )'s share price hit a new 52-week low during trading on Thursday . The company traded as low as GBX 49 and last traded at GBX 51.80, with a volume of 198924 shares traded. The stock had previously closed at GBX 51.60.

Residential Secure Income Price Performance

The firm has a market cap of £95.91 million, a PE ratio of -10.57 and a beta of 0.36. The business has a 50-day moving average price of GBX 55.69 and a two-hundred day moving average price of GBX 56.92.

Residential Secure Income Company Profile

Residential Secure Income plc (ReSI or the Company) LSE: RESI is a real estate investment trust (REIT) focused on delivering secure, inflation-linked returns in two sub-sectors in UK residential housing; independent retirement rentals and shared ownership, which are underpinned by an ageing demographic and untapped, strong demand for affordable homes. Our purpose is to deliver affordable, high-quality, safe homes with great customer service and long-term stability of tenure for residents. We achieve this through meeting demand from housing developers (housing associations, local authorities and private developers) for long-term investment partners to accelerate the development of socially and economically beneficial affordable housing.

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