Residential Secure Income (LON:RESI) Stock Price Down 0.7% - Should You Sell?

Residential Secure Income plc (LON:RESI - Get Free Report)'s stock price was down 0.7% during mid-day trading on Wednesday . The company traded as low as GBX 59.40 ($0.81) and last traded at GBX 59.60 ($0.81). Approximately 282,224 shares changed hands during trading, a decline of 39% from the average daily volume of 460,397 shares. The stock had previously closed at GBX 60 ($0.82).

Residential Secure Income Price Performance

The business has a fifty day moving average of GBX 57.60 and a 200-day moving average of GBX 57.19. The stock has a market capitalization of £108.34 million, a price-to-earnings ratio of -10.79 and a beta of 0.21.

Residential Secure Income (LON:RESI - Get Free Report) last posted its quarterly earnings results on Wednesday, June 18th. The company reported GBX 2.80 ($0.04) earnings per share (EPS) for the quarter. Residential Secure Income had a negative return on equity of 6.58% and a negative net margin of 32.98%. As a group, research analysts anticipate that Residential Secure Income plc will post 6.1000003 EPS for the current year.

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.

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