Creative Media & Community Trust Corporation (NASDAQ:CMCT) Share Price Crosses Below 200 Day Moving Average – What’s Next?

Shares of Creative Media & Community Trust Corporation (NASDAQ:CMCT) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $88.10 and traded as low as $3.26. Creative Media & Community Trust Corporation shares last traded at $3.50, with a volume of 6,143 shares trading hands.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on CMCT shares. Wall Street Zen upgraded shares of Creative Media & Community Trust Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, June 27th. Zacks Research upgraded Creative Media & Community Trust Corporation to a “hold” rating in a research report on Friday, June 5th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Creative Media & Community Trust Corporation in a research note on Friday, June 26th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce”.

Creative Media & Community Trust Corporation Stock Up 2.6%

The business’s 50 day simple moving average is $3.49 and its 200 day simple moving average is $88.10. The company has a market capitalization of $9.66 million, a PE ratio of -0.00 and a beta of 0.81. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 2.67.

Creative Media & Community Trust Corporation (NASDAQ:CMCT) last released its quarterly earnings results on Friday, May 8th. The real estate investment trust reported ($70.52) earnings per share (EPS) for the quarter. Creative Media & Community Trust Corporation had a negative net margin of 36.20% and a negative return on equity of 226.47%. The firm had revenue of $29.42 million for the quarter. As a group, analysts forecast that Creative Media & Community Trust Corporation will post -14.38 EPS for the current year.

Institutional Trading of Creative Media & Community Trust Corporation

Hedge funds have recently modified their holdings of the business. Blackhawk Capital Partners LLC acquired a new stake in shares of Creative Media & Community Trust Corporation in the first quarter worth $354,000. Virtu Financial LLC acquired a new position in Creative Media & Community Trust Corporation during the fourth quarter valued at $55,000. Kestra Advisory Services LLC purchased a new stake in Creative Media & Community Trust Corporation in the 4th quarter worth about $52,000. Arkadios Wealth Advisors purchased a new stake in Creative Media & Community Trust Corporation in the 4th quarter worth about $43,000. Finally, Cerity Partners LLC acquired a new stake in Creative Media & Community Trust Corporation during the 4th quarter worth about $43,000. Hedge funds and other institutional investors own 28.34% of the company’s stock.

Creative Media & Community Trust Corporation Company Profile

Creative Media & Community Trust Corporation is a real estate investment trust (REIT) that specializes in originating and acquiring first-lien mortgage loans on non-owner-occupied residential properties in the United States. The company focuses on providing capital to real estate investors and rental homeowners, offering financing solutions tailored to single-family homes, small multifamily properties and other residential real estate investments. Its business model centers on underwriting, closing and servicing mortgage loans that help facilitate real estate acquisitions, refinancings and portfolio expansions for its clients.

The company’s loan portfolio is diversified across key U.S.