Creative Media & Community Trust Co. (NASDAQ:CMCT) Shares Cross Below 200 Day Moving Average – What’s Next?

Creative Media & Community Trust Co. (NASDAQ:CMCT) shares crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $1.42 and traded as low as $0.12. Creative Media & Community Trust Co. shares last traded at $0.14, with a volume of 2,690,786 shares trading hands.

Analysts Set New Price Targets

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

Creative Media & Community Trust Co. Trading Up 13.9 %

The company has a current ratio of 2.71, a quick ratio of 2.71 and a debt-to-equity ratio of 438.44. The stock has a market cap of $12.15 million, a P/E ratio of -0.05 and a beta of 0.45. The business’s fifty day simple moving average is $0.32 and its 200 day simple moving average is $1.42.

Creative Media & Community Trust Co. (NASDAQ:CMCT) last released its quarterly earnings results on Friday, November 8th. The real estate investment trust reported ($1.22) EPS for the quarter, missing the consensus estimate of ($0.36) by ($0.86). The firm had revenue of $28.62 million for the quarter. During the same quarter in the previous year, the company earned ($0.30) EPS. As a group, analysts expect that Creative Media & Community Trust Co. will post -1.22 EPS for the current year.

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

Hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its stake in Creative Media & Community Trust Co. by 13.7% in the second quarter. Dimensional Fund Advisors LP now owns 65,190 shares of the real estate investment trust’s stock valued at $175,000 after acquiring an additional 7,863 shares during the last quarter. International Assets Investment Management LLC acquired a new position in shares of Creative Media & Community Trust Co. in the 3rd quarter valued at $29,000. EWG Elevate Inc. bought a new position in shares of Creative Media & Community Trust Co. in the 3rd quarter worth $37,000. Stonebridge Financial Planning Group LLC acquired a new stake in shares of Creative Media & Community Trust Co. during the third quarter worth $39,000. Finally, Calton & Associates Inc. bought a new stake in Creative Media & Community Trust Co. in the third quarter valued at about $47,000. Institutional investors own 28.34% of the company’s stock.

About Creative Media & Community Trust Co.

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.