Residential Secure Income (LON:RESI) Shares Cross Below 50-Day Moving Average – What’s Next?

Shares of Residential Secure Income plc (LON:RESI) passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 47.14 and traded as low as GBX 27.10. Residential Secure Income shares last traded at GBX 28.40, with a volume of 48,709 shares traded.

Residential Secure Income Trading Down 2.8%

The company has a market capitalization of £51.10 million, a price-to-earnings ratio of -34.50 and a beta of 0.45. The firm’s fifty day simple moving average is GBX 46.63 and its two-hundred day simple moving average is GBX 51.42.

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

About Residential Secure Income

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.