Residential Secure Income (LON:RESI) Share Price Crosses Below Fifty Day Moving Average – Here’s What Happened

Residential Secure Income plc (LON:RESI) shares passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 50.03 and traded as low as GBX 27.05. Residential Secure Income shares last traded at GBX 27.50, with a volume of 5,317,825 shares traded.

Residential Secure Income Stock Down 0.4%

The stock has a market capitalization of £50.92 million, a P/E ratio of -34.38 and a beta of 0.45. The stock has a 50 day simple moving average of GBX 49.55 and a two-hundred day simple moving average of GBX 52.65.

Residential Secure Income (LON:RESI) last released its quarterly earnings data on Wednesday, June 24th. The company reported GBX 0.60 EPS for the quarter. Residential Secure Income had a negative return on equity of 6.87% and a negative net margin of 30.59%.The company had revenue of GBX 1,491 million during the quarter. Sell-side analysts predict that Residential Secure Income plc will post 6.1000003 earnings per share for the current fiscal year.

Residential Secure Income Company Profile

Residential Secure Income plc (ReSI or the Company) (LSE: RESI) is a real estate investment trust (REIT) focused on delivering secure, inflation-linked returns in two sub-sectors in UK residential housing; independent retirement rentals and shared ownership, which are underpinned by an ageing demographic and untapped, strong demand for affordable homes. Our purpose is to deliver affordable, high-quality, safe homes with great customer service and long-term stability of tenure for residents. We achieve this through meeting demand from housing developers (housing associations, local authorities and private developers) for long-term investment partners to accelerate the development of socially and economically beneficial affordable housing.