Residential Secure Income (LON:RESI) Share Price Passes Below 50 Day Moving Average – Time to Sell?

Residential Secure Income plc (LON:RESI)’s stock price crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 44.21 and traded as low as GBX 27. Residential Secure Income shares last traded at GBX 27.10, with a volume of 541,081 shares trading hands.

Residential Secure Income Trading Down 1.8%

The company has a market cap of £50.18 million, a P/E ratio of -33.88 and a beta of 0.45. The stock’s 50 day moving average is GBX 44.21 and its 200-day moving average is GBX 50.36.

Residential Secure Income (LON:RESI) last issued its 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, sell-side analysts forecast that Residential Secure Income plc will post 6.1000003 EPS for the current 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.