Creative Media & Community Trust Co. (NASDAQ:CMCT) Shares Cross Below Two Hundred 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 Monday . The stock has a 200-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 traded.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed 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 firm has a market cap of $6.87 million, a P/E ratio of -0.03 and a beta of 0.46. 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 company’s fifty day moving average price is $1.91 and its two-hundred day moving average price is $10.41.

Creative Media & Community Trust Co. (NASDAQ:CMCT) last issued its quarterly earnings data on Friday, November 8th. The real estate investment trust reported ($12.20) earnings per share for the quarter, missing the consensus estimate of ($3.60) by ($8.60). The business had revenue of $28.62 million for the quarter. During the same quarter in the previous year, the business earned ($3.00) EPS. As a group, sell-side analysts predict that Creative Media & Community Trust Co. will post -12.2 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. International Assets Investment Management LLC lifted its stake in shares of Creative Media & Community Trust Co. by 186.6% in the 4th 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 during the period. Cerity Partners LLC bought a new position in Creative Media & Community Trust Co. during the third quarter worth about $1,397,000. Stonebridge Financial Planning Group LLC acquired a new position in shares of Creative Media & Community Trust Co. during the 3rd quarter worth about $39,000. PFG Investments LLC bought a new stake in shares of Creative Media & Community Trust Co. in the 3rd quarter valued at about $266,000. Finally, Arkadios Wealth Advisors acquired a new stake in shares of Creative Media & Community Trust Co. in the 3rd quarter valued at approximately $548,000. 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.