realestate

Real Estate Investors Plunges Below Key Technical Threshold

Real Estate Investors (LON:RLE) stock price falls below its two hundred day moving average.

S
hares of Real Estate Investors Plc (LON:RLE) fell below its 200-day moving average on Wednesday, trading as low as GBX 29.30 ($0.36). The stock currently has a market cap of £54.06 million and a price-to-earnings ratio of -442.86. Real Estate Investors recently announced a dividend of GBX 0.50 ($0.01) per share, paid on January 17th to investors of record on December 24th.

    The company's current ratio is 0.19, quick ratio is 1.61, and debt-to-equity ratio is 53.05. Its beta is 0.66, indicating relatively low volatility compared to the market. The business has a fifty-day moving average price of GBX 30.61.

    Real Estate Investors Plc is an internally managed property investment company and REIT with a portfolio of mixed-use commercial properties in the Midlands region. The company's experienced management team has over 100 years of combined experience operating in the local market across all sectors.

Real estate investors drop below crucial technical level on global market charts.