Creative Media & Community Trust Co. (NASDAQ:CMCT) Stock Price Passes Below 200 Day Moving Average – Here’s What Happened

Creative Media & Community Trust Co. (NASDAQ:CMCT)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $12.06 and traded as low as $1.00. Creative Media & Community Trust Co. shares last traded at $1.08, with a volume of 1,027,441 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on Creative Media & Community Trust Co. in a research note on Friday. They set a “sell” rating on the stock.

Creative Media & Community Trust Co. Stock Performance

The firm has a market capitalization of $9.36 million, a P/E ratio of -0.38 and a beta of 0.46. The company has a debt-to-equity ratio of 438.44, a current ratio of 2.71 and a quick ratio of 2.71. The firm has a 50-day moving average price of $2.36 and a two-hundred day moving average price of $12.06.

Creative Media & Community Trust Co. (NASDAQ:CMCT) last released its quarterly earnings data on Friday, November 8th. The real estate investment trust reported ($12.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($3.60) by ($8.60). The business had revenue of $28.62 million for the quarter. During the same period in the previous year, the business posted ($3.00) earnings per share. On average, analysts forecast that Creative Media & Community Trust Co. will post -1.22 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Cerity Partners LLC bought a new stake in Creative Media & Community Trust Co. during the 3rd quarter valued at $1,397,000. Arkadios Wealth Advisors purchased a new position in shares of Creative Media & Community Trust Co. during the third quarter valued at $548,000. PFG Investments LLC bought a new stake in shares of Creative Media & Community Trust Co. in the third quarter valued at about $266,000. International Assets Investment Management LLC lifted its stake in Creative Media & Community Trust Co. by 186.6% in the fourth quarter. International Assets Investment Management LLC now owns 168,072 shares of the real estate investment trust’s stock worth $35,000 after acquiring an additional 109,425 shares during the period. Finally, Sequoia Financial Advisors LLC bought a new position in Creative Media & Community Trust Co. during the 3rd quarter worth about $65,000. Institutional investors own 28.34% of the company’s stock.

Creative Media & Community Trust Co. Company Profile

Creative Media & Community Trust Corporation (the Company), is a Maryland corporation and real estate investment trust (REIT). The Company primarily acquires, develops, owns and operates both premier multifamily properties situated in vibrant communities throughout the United States and Class A and creative office real assets in markets with similar business and employment characteristics to its multifamily investments.