CorEnergy Infrastructure Trust (NYSE:CORR) Stock Crosses Below 200 Day Moving Average of $1.75

CorEnergy Infrastructure Trust, Inc. (NYSE:CORR – Get Rating) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.75 and traded as low as $0.95. CorEnergy Infrastructure Trust shares last traded at $1.14, with a volume of 3,327,440 shares changing hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on CorEnergy Infrastructure Trust in a report on Friday. They issued a “hold” rating for the company.

CorEnergy Infrastructure Trust Price Performance

The business has a fifty day moving average price of $1.13 and a 200 day moving average price of $1.75. The company has a debt-to-equity ratio of 2.04, a quick ratio of 1.40 and a current ratio of 1.90. The company has a market cap of $17.50 million, a price-to-earnings ratio of 3.22 and a beta of 1.27.

Institutional Investors Weigh In On CorEnergy Infrastructure Trust

Institutional investors have recently made changes to their positions in the stock. Moneta Group Investment Advisors LLC grew its stake in CorEnergy Infrastructure Trust by 80,730.5% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 16,267,943 shares of the asset manager’s stock valued at $34,000,000 after acquiring an additional 16,247,817 shares during the period. Jane Street Group LLC bought a new stake in shares of CorEnergy Infrastructure Trust in the fourth quarter valued at $29,000. Finally, Renaissance Technologies LLC grew its position in shares of CorEnergy Infrastructure Trust by 94.7% in the fourth quarter. Renaissance Technologies LLC now owns 44,577 shares of the asset manager’s stock valued at $93,000 after purchasing an additional 21,677 shares in the last quarter. Institutional investors own 13.38% of the company’s stock.

CorEnergy Infrastructure Trust Company Profile

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CorEnergy Infrastructure Trust, Inc is a real estate investment trust, which focuses on energy infrastructure such as pipelines, storage terminals, transmission, and distribution assets. The company was founded by Richard C. Green, Jr. on September 8, 2005 and is headquartered in Kansas City, MO.