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

Creative Media & Community Trust Co. (NASDAQ:CMCT)’s share price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred 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.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on Creative Media & Community Trust Co. in a report on Friday, January 10th. They set a “sell” rating on the stock.

Creative Media & Community Trust Co. Stock Performance

The company has a debt-to-equity ratio of 438.44, a current ratio of 2.71 and a quick ratio of 2.71. The firm has a fifty day simple moving average of $1.95 and a 200 day simple moving average of $10.60. The company has a market capitalization of $6.52 million, a price-to-earnings ratio of -0.03 and a beta of 0.46.

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) EPS for the quarter, missing the consensus estimate of ($3.60) by ($8.60). The business had revenue of $28.62 million during the quarter. During the same period last year, the company earned ($3.00) EPS. On average, analysts anticipate that Creative Media & Community Trust Co. will post -12.2 earnings per share for the current fiscal year.

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

Several hedge funds and other institutional investors have recently made changes to their positions in the company. International Assets Investment Management LLC purchased a new position in Creative Media & Community Trust Co. during the third quarter worth approximately $29,000. Dimensional Fund Advisors LP lifted its position in Creative Media & Community Trust Co. by 13.7% during the second quarter. Dimensional Fund Advisors LP now owns 65,190 shares of the real estate investment trust’s stock worth $175,000 after buying an additional 7,863 shares in the last quarter. EWG Elevate Inc. purchased a new position in Creative Media & Community Trust Co. during the third quarter worth approximately $37,000. Stonebridge Financial Planning Group LLC purchased a new position in Creative Media & Community Trust Co. during the third quarter worth approximately $39,000. Finally, Calton & Associates Inc. purchased a new position in Creative Media & Community Trust Co. during the third quarter worth approximately $47,000. Hedge funds and other institutional investors own 28.34% of the company’s stock.

Creative Media & Community Trust Co. Company Profile

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.