Wheeler Real Estate Investment Trust (NASDAQ:WHLR) Share Price Passes Below 200-Day Moving Average – Should You Sell?

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) shares crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $21.16 and traded as low as $1.24. Wheeler Real Estate Investment Trust shares last traded at $1.28, with a volume of 293,779 shares trading hands.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Wheeler Real Estate Investment Trust from a “sell” rating to a “hold” rating in a research report on Thursday, March 6th.

Wheeler Real Estate Investment Trust Stock Down 1.8 %

The firm has a market cap of $1.29 million, a P/E ratio of 0.00 and a beta of 1.64. The business’s 50 day moving average is $4.57 and its 200-day moving average is $21.00.

Wheeler Real Estate Investment Trust (NASDAQ:WHLR) last released its earnings results on Tuesday, March 4th. The real estate investment trust reported $18.46 earnings per share for the quarter. The company had revenue of $27.59 million during the quarter.

About Wheeler Real Estate Investment Trust

Headquartered in Virginia Beach, Virginia, Wheeler Real Estate Investment Trust, Inc is a fully integrated, self-managed commercial real estate investment trust (REIT) focused on owning and operating income-producing retail properties with a primary focus on grocery-anchored centers.