Creative Media & Community Trust Co. (NASDAQ:CMCT) Stock Price Passes Below 200 Day Moving Average – Should You Sell?

Creative Media & Community Trust Co. (NASDAQ:CMCT) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $7.18 and traded as low as $0.70. Creative Media & Community Trust Co. shares last traded at $0.76, with a volume of 264,339 shares traded.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on Creative Media & Community Trust Co. in a research 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 quick ratio of 2.71 and a current ratio of 2.71. The stock has a 50-day moving average price of $1.12 and a 200 day moving average price of $7.18.

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

Institutional investors have recently bought and sold shares of the company. International Assets Investment Management LLC acquired a new stake in Creative Media & Community Trust Co. in the 3rd quarter worth about $29,000. Cerity Partners LLC purchased a new position in Creative Media & Community Trust Co. in the 3rd quarter worth approximately $1,397,000. Calton & Associates Inc. purchased a new position in Creative Media & Community Trust Co. in the 3rd quarter worth approximately $47,000. Sequoia Financial Advisors LLC purchased a new position in Creative Media & Community Trust Co. in the 3rd quarter worth approximately $65,000. Finally, PFG Investments LLC purchased a new position in Creative Media & Community Trust Co. in the 3rd quarter worth approximately $266,000. 28.34% of the stock is currently 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.