Residential Secure Income (LON:RESI) Stock Price Down 2.5% – Time to Sell?

Residential Secure Income plc (LON:RESI)’s stock price fell 2.5% during mid-day trading on Wednesday . The stock traded as low as GBX 53.60 and last traded at GBX 55. 196,352 shares traded hands during mid-day trading, a decline of 28% from the average session volume of 272,194 shares. The stock had previously closed at GBX 56.40.

Residential Secure Income Trading Down 2.5%

The company has a 50-day moving average price of GBX 57.23 and a two-hundred day moving average price of GBX 57.65. The stock has a market cap of £101.84 million, a P/E ratio of -11.22 and a beta of 0.21.

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.