Regional REIT (LON:RGL) Shares Cross Below Fifty Day Moving Average – Here’s What Happened

Regional REIT Limited (LON:RGL)’s stock price passed 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 ($1.40), with a volume of 395,258 shares changing hands.

Analyst Upgrades and Downgrades

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

Regional REIT Trading Down 3.4 %

The company’s fifty day simple moving average is GBX 114.27 and its two-hundred day simple moving average is GBX 122.05. The company has a market capitalization of £165.52 million, a price-to-earnings ratio of -0.64 and a beta of 0.90. The company has a quick ratio of 1.30, a current ratio of 0.67 and a debt-to-equity ratio of 153.74.

About Regional REIT

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.