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

Creative Media & Community Trust Co. (NASDAQ:CMCT)’s share price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $10.60 and traded as low as $0.69. Creative Media & Community Trust Co. shares last traded at $0.75, with a volume of 954,144 shares traded.

Wall Street Analyst Weigh In

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

Creative Media & Community Trust Co. Price Performance

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 company has a market cap of $6.52 million, a PE ratio of -0.03 and a beta of 0.46. The stock has a 50-day simple moving average of $1.95 and a 200 day simple moving average of $10.60.

Creative Media & Community Trust Co. (NASDAQ:CMCT) last posted its earnings results on Friday, November 8th. The real estate investment trust reported ($12.20) EPS for the quarter, missing analysts’ consensus estimates of ($3.60) by ($8.60). The business had revenue of $28.62 million during the quarter. During the same period in the prior year, the company earned ($3.00) EPS. Equities analysts expect that Creative Media & Community Trust Co. will post -12.2 EPS for the current year.

Institutional Investors Weigh In On Creative Media & Community Trust Co.

A number of institutional investors have recently modified their holdings of CMCT. International Assets Investment Management LLC acquired a new stake in shares of Creative Media & Community Trust Co. in the third quarter valued at $29,000. EWG Elevate Inc. acquired a new stake in shares of Creative Media & Community Trust Co. in the third quarter valued at $37,000. Stonebridge Financial Planning Group LLC acquired a new stake in shares of Creative Media & Community Trust Co. in the third quarter valued at $39,000. Calton & Associates Inc. acquired a new stake in shares of Creative Media & Community Trust Co. in the third quarter valued at $47,000. Finally, Carnegie Investment Counsel acquired a new stake in shares of Creative Media & Community Trust Co. in the third quarter valued at $50,000. 28.34% of the stock is owned by institutional investors and hedge funds.

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.