Creative Media & Community Trust Co. (NASDAQ:CMCT) Stock Passes Below 200-Day Moving Average – Should You Sell?

Shares of Creative Media & Community Trust Co. (NASDAQ:CMCT) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $7.18 and traded as low as $0.70. Creative Media & Community Trust Co. shares last traded at $0.76, with a volume of 264,339 shares changing hands.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on Creative Media & Community Trust Co. in a report on Friday, January 10th. They issued a “sell” rating on the stock.

Creative Media & Community Trust Co. Price Performance

The firm has a 50 day moving average price of $1.10 and a 200 day moving average price of $7.05. The company has a quick ratio of 2.71, a current ratio of 2.71 and a debt-to-equity ratio of 438.44. The stock has a market cap of $6.40 million, a P/E ratio of -0.03 and a beta of 0.42.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Commonwealth Equity Services LLC raised its stake in shares of Creative Media & Community Trust Co. by 843.4% in the fourth quarter. Commonwealth Equity Services LLC now owns 4,039,660 shares of the real estate investment trust’s stock worth $909,000 after buying an additional 3,611,442 shares during the period. Cerity Partners LLC raised its stake in shares of Creative Media & Community Trust Co. by 27.5% in the fourth quarter. Cerity Partners LLC now owns 3,623,573 shares of the real estate investment trust’s stock worth $818,000 after buying an additional 781,837 shares during the period. Arkadios Wealth Advisors bought a new position in shares of Creative Media & Community Trust Co. in the third quarter worth about $548,000. Y.D. More Investments Ltd raised its stake in shares of Creative Media & Community Trust Co. by 2.0% in the fourth quarter. Y.D. More Investments Ltd now owns 848,878 shares of the real estate investment trust’s stock worth $191,000 after buying an additional 16,763 shares during the period. Finally, Renaissance Technologies LLC raised its stake in shares of Creative Media & Community Trust Co. by 1,228.7% in the fourth quarter. Renaissance Technologies LLC now owns 695,912 shares of the real estate investment trust’s stock worth $157,000 after buying an additional 643,535 shares during the period. Institutional investors own 28.34% of the company’s stock.

Creative Media & Community Trust Co. Company Profile

Creative Media & Community Trust Corp. is a real estate investment trust that seeks to own, operate, and develop premier multifamily and creative office assets in vibrant and emerging communities throughout the United States. It operates through the following segments: Office, Hotel, and Lending.