Regional REIT (LON:RGL) Share Price Passes Below 50-Day Moving Average – Time to Sell?

Shares of Regional REIT Limited (LON:RGL) crossed below its fifty day moving average during trading on Monday . The stock has a fifty 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 ($1.39), with a volume of 395,258 shares changing hands.

Analysts Set New Price Targets

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

Regional REIT Stock Performance

The business’s fifty day moving average is GBX 114.45 and its two-hundred day moving average is GBX 122.25. 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 stock has a market capitalization of £173.60 million, a PE ratio of -0.67 and a beta of 0.90.

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.