Creative Media & Community Trust Co. (NASDAQ:CMCT) Share Price Passes Below 200-Day Moving Average – Here’s What Happened

Creative Media & Community Trust Co. (NASDAQ:CMCT) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $8.95 and traded as low as $0.75. Creative Media & Community Trust Co. shares last traded at $0.77, with a volume of 107,788 shares traded.

Analyst Upgrades and Downgrades

Separately, StockNews.com started 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 Up 0.1 %

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 firm has a market capitalization of $6.70 million, a P/E ratio of -0.03 and a beta of 0.42. The firm has a 50 day simple moving average of $1.59 and a two-hundred day simple moving average of $8.95.

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) earnings per share 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 company earned ($3.00) EPS. Equities research analysts forecast that Creative Media & Community Trust Co. will post -12.2 earnings per share for the current year.

Institutional Trading of Creative Media & Community Trust Co.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP grew its stake in Creative Media & Community Trust Co. by 13.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 65,190 shares of the real estate investment trust’s stock valued at $175,000 after purchasing an additional 7,863 shares during the period. Y.D. More Investments Ltd boosted its holdings in shares of Creative Media & Community Trust Co. by 2.0% in the 4th quarter. Y.D. More Investments Ltd now owns 848,878 shares of the real estate investment trust’s stock worth $191,000 after buying an additional 16,763 shares during the last quarter. International Assets Investment Management LLC bought a new position in Creative Media & Community Trust Co. during the third quarter valued at about $29,000. Stonebridge Financial Planning Group LLC purchased a new stake in Creative Media & Community Trust Co. during the third quarter worth about $39,000. Finally, Calton & Associates Inc. bought a new stake in Creative Media & Community Trust Co. in the third quarter worth about $47,000. 28.34% of the stock is owned by hedge funds and other institutional investors.

Creative Media & Community Trust Co. Company Profile

Creative Media & Community Trust Corp. is a real estate investment trust that seeks to own, operate, and develop premier multifamily and creative office assets in vibrant and emerging communities throughout the United States. It operates through the following segments: Office, Hotel, and Lending.