Creative Media & Community Trust Co. (NASDAQ:CMCT) Shares Pass Below Two Hundred Day Moving Average – Here’s Why

Shares of Creative Media & Community Trust Co. (NASDAQ:CMCT) 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 changing hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on Creative Media & Community Trust Co. in a research note on Friday, January 10th. They set a “sell” rating for the company.

Creative Media & Community Trust Co. Trading Down 3.4 %

The company has a debt-to-equity ratio of 438.44, a quick ratio of 2.71 and a current ratio of 2.71. The stock has a market capitalization of $6.87 million, a price-to-earnings ratio of -0.03 and a beta of 0.46. The business has a fifty day simple moving average of $1.91 and a 200 day simple moving average of $10.41.

Creative Media & Community Trust Co. (NASDAQ:CMCT) last released its quarterly 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 company had revenue of $28.62 million for the quarter. During the same quarter last year, the business earned ($3.00) EPS. As a group, research analysts expect that Creative Media & Community Trust Co. will post -12.2 EPS for the current year.

Hedge Funds Weigh In On Creative Media & Community Trust Co.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC raised 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 valued at $35,000 after purchasing an additional 109,425 shares in the last quarter. Cerity Partners LLC bought a new position in Creative Media & Community Trust Co. in the third quarter valued at about $1,397,000. Stonebridge Financial Planning Group LLC bought a new stake in Creative Media & Community Trust Co. during the 3rd quarter worth $39,000. PFG Investments LLC bought a new stake in Creative Media & Community Trust Co. during the 3rd quarter worth approximately $266,000. Finally, Arkadios Wealth Advisors bought a new position in shares of Creative Media & Community Trust Co. during the third quarter worth about $548,000. 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.