Regional REIT (LON:RGL) Share Price Passes Below Fifty Day Moving Average – Here’s Why

Shares of Regional REIT Limited (LON:RGL) passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 114.45 ($1.49) and traded as low as GBX 103.60 ($1.35). Regional REIT shares last traded at GBX 107.40 ($1.40), with a volume of 395,258 shares.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reaffirmed a “hold” rating on shares of Regional REIT in a research note on Thursday, February 20th.

Regional REIT Trading Down 3.4 %

The company has a quick ratio of 1.30, a current ratio of 0.67 and a debt-to-equity ratio of 153.74. The company has a market capitalization of £165.52 million, a P/E ratio of -0.64 and a beta of 0.90. The business has a fifty day moving average price of GBX 114.27 and a 200 day moving average price of GBX 122.05.

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.