KCR Residential REIT (LON:KCR) Stock Price Passes Below 50-Day Moving Average – Here’s What Happened

KCR Residential REIT (LON:KCR)’s share price crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 8.84 and traded as low as GBX 8.10. KCR Residential REIT shares last traded at GBX 8.90, with a volume of 34 shares traded.

KCR Residential REIT Price Performance

The business’s 50-day simple moving average is GBX 8.84 and its 200-day simple moving average is GBX 9.43. The stock has a market cap of £3.71 million, a PE ratio of -7.67 and a beta of 0.18.

KCR Residential REIT (LON:KCR) last issued its quarterly earnings data on Tuesday, March 17th. The company reported GBX (0.91) EPS for the quarter. KCR Residential REIT had a negative return on equity of 3.87% and a negative net margin of 23.79%.

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.