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

Creative Media & Community Trust Co. (NASDAQ:CMCT)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $8.01 and traded as low as $0.69. Creative Media & Community Trust Co. shares last traded at $0.72, with a volume of 83,270 shares trading hands.

Analysts Set New Price Targets

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

Creative Media & Community Trust Co. Stock Performance

The business has a 50 day simple moving average of $1.36 and a 200 day simple moving average of $8.01. 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 capitalization of $6.25 million, a PE ratio of -0.03 and a beta of 0.42.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. International Assets Investment Management LLC purchased a new position in shares of Creative Media & Community Trust Co. in the third quarter worth about $29,000. Stonebridge Financial Planning Group LLC purchased a new position in shares of Creative Media & Community Trust Co. in the third quarter worth about $39,000. Calton & Associates Inc. purchased a new position in shares of Creative Media & Community Trust Co. in the third quarter worth about $47,000. Carnegie Investment Counsel purchased a new position in shares of Creative Media & Community Trust Co. in the third quarter worth about $50,000. Finally, LPL Financial LLC raised its stake in shares of Creative Media & Community Trust Co. by 69.5% in the fourth quarter. LPL Financial LLC now owns 126,285 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 51,766 shares during the last quarter. 28.34% of the stock is currently owned by hedge funds and other institutional investors.

About Creative Media & Community Trust Co.

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.