NewRiver REIT (LON:NRR) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

NewRiver REIT plc (LON:NRR)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 77.70 ($1.01) and traded as high as GBX 78.90 ($1.02). NewRiver REIT shares last traded at GBX 77.30 ($1.00), with a volume of 452,122 shares changing hands.

NewRiver REIT Stock Up 2.7 %

The firm has a 50-day simple moving average of GBX 80.49 and a 200 day simple moving average of GBX 77.73. The company has a debt-to-equity ratio of 103.07, a current ratio of 5.40 and a quick ratio of 3.00. The company has a market capitalization of £298.37 million, a PE ratio of 7,940.00, a price-to-earnings-growth ratio of -3.14 and a beta of 1.10.

Insider Buying and Selling at NewRiver REIT

In other NewRiver REIT news, insider Alastair Miller bought 18,297 shares of the stock in a transaction dated Monday, September 30th. The stock was bought at an average cost of GBX 82 ($1.06) per share, for a total transaction of £15,003.54 ($19,457.32). 7.73% of the stock is currently owned by corporate insiders.

NewRiver REIT Company Profile

NewRiver REIT plc ('NewRiver') is a leading Real Estate Investment Trust specialising in buying, managing and developing resilient retail assets throughout the UK. Our £0.6 billion UK wide portfolio covers 6.4 million sq ft and comprises 25 community shopping centres and 12 conveniently located retail parks occupied by tenants predominately focused on essential goods and services.