Creative Media & Community Trust Co. (NASDAQ:CMCT) Share Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Creative Media & Community Trust Co. (NASDAQ:CMCT) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $4.93 and traded as low as $0.25. Creative Media & Community Trust Co. shares last traded at $0.29, with a volume of 1,709,100 shares changing hands.

Analysts Set New Price Targets

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

Creative Media & Community Trust Co. Trading Down 16.9 %

The stock has a market capitalization of $2.52 million, a price-to-earnings ratio of -0.01 and a beta of 0.42. 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 business has a 50 day simple moving average of $0.79 and a 200-day simple moving average of $4.93.

Creative Media & Community Trust Co. (NASDAQ:CMCT) last released its quarterly earnings data on Friday, March 7th. The real estate investment trust reported ($0.75) earnings per share for the quarter. The firm had revenue of $27.46 million during the quarter. During the same period last year, the company posted ($6.66) EPS. On average, equities analysts predict that Creative Media & Community Trust Co. will post -12.2 earnings per share for the current year.

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

Hedge funds and other institutional investors have recently modified their holdings of the company. Commonwealth Equity Services LLC raised its holdings in shares of Creative Media & Community Trust Co. by 843.4% during the 4th quarter. Commonwealth Equity Services LLC now owns 4,039,660 shares of the real estate investment trust’s stock valued at $909,000 after buying an additional 3,611,442 shares during the period. Cerity Partners LLC purchased a new stake in shares of Creative Media & Community Trust Co. during the 3rd quarter valued at about $1,397,000. Renaissance Technologies LLC raised its holdings in shares of Creative Media & Community Trust Co. by 1,228.7% during the 4th quarter. Renaissance Technologies LLC now owns 695,912 shares of the real estate investment trust’s stock valued at $157,000 after buying an additional 643,535 shares during the period. Geode Capital Management LLC raised its holdings in shares of Creative Media & Community Trust Co. by 229.9% during the 4th quarter. Geode Capital Management LLC now owns 619,964 shares of the real estate investment trust’s stock valued at $143,000 after buying an additional 432,056 shares during the period. Finally, XTX Topco Ltd purchased a new stake in shares of Creative Media & Community Trust Co. during the 4th quarter valued at about $84,000. 28.34% of the stock is owned by institutional investors and hedge funds.

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.