NewRiver REIT (LON:NRR) Share Price Crosses Below 200-Day Moving Average – Here’s Why

NewRiver REIT plc (LON:NRR) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 78.06 ($0.99) and traded as low as GBX 74.60 ($0.95). NewRiver REIT shares last traded at GBX 75.90 ($0.96), with a volume of 391,038 shares changing hands.

NewRiver REIT Stock Down 2.1 %

The firm has a market capitalization of £279.20 million, a price-to-earnings ratio of 7,590.00, a P/E/G ratio of -3.14 and a beta of 1.10. The stock has a fifty day moving average of GBX 80.24 and a two-hundred day moving average of GBX 78.06. The company has a debt-to-equity ratio of 103.07, a current ratio of 5.40 and a quick ratio of 3.00.

Insider Activity

In other news, insider Alastair Miller purchased 18,297 shares of the company’s stock in a transaction dated Monday, September 30th. The shares were purchased at an average price of GBX 82 ($1.04) per share, for a total transaction of £15,003.54 ($19,018.30). Insiders own 7.73% of the company’s stock.

NewRiver REIT Company Profile

NewRiver REIT plc ('NewRiver') is a leading Real Estate Investment Trust specialising in buying, managing and developing resilient retail assets throughout the UK. Our £0.6 billion UK wide portfolio covers 6.4 million sq ft and comprises 25 community shopping centres and 12 conveniently located retail parks occupied by tenants predominately focused on essential goods and services.