KCR Residential REIT (LON:KCR) Stock Crosses Below 50 Day Moving Average – Here’s Why
by Teresa Graham · The Cerbat GemKCR Residential REIT (LON:KCR – Get Free Report) crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 10.63 and traded as low as GBX 8. KCR Residential REIT shares last traded at GBX 11, with a volume of 6,648 shares changing hands.
KCR Residential REIT Stock Performance
The firm has a market cap of £4.58 million, a P/E ratio of -9.48 and a beta of 0.18. The company has a 50 day moving average of GBX 10.63 and a 200 day moving average of GBX 9.70.
KCR Residential REIT (LON:KCR – Get Free Report) last announced its quarterly earnings results on Tuesday, March 17th. The company reported GBX (0.91) EPS for the quarter. KCR Residential REIT had a negative net margin of 23.79% and a negative return on equity of 3.87%.
KCR Residential REIT Company Profile
KCR Residential REIT plc was admitted to AIM on the London Stock Exchange on 3 July 2015.
KCR’s objective is capitalise on its position as the first REIT specialising in residential property in the private rented sector (PRS) to build a substantial investment portfolio that generates secure income flow for shareholders through the acquisition of property SPVs. KCR intends to achieve this objective by acquiring, improving and managing residential property assets in areas in the UK that have potential for growth in rental and capital values.