Creative Media & Community Trust Co. (NASDAQ:CMCT) Stock Crosses Below 200 Day Moving Average – What’s Next?

Creative Media & Community Trust Co. (NASDAQ:CMCT)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $12.06 and traded as low as $1.00. Creative Media & Community Trust Co. shares last traded at $1.08, with a volume of 1,027,441 shares traded.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of Creative Media & Community Trust Co. in a report on Friday. They issued a “sell” rating on the stock.

Creative Media & Community Trust Co. Trading Down 11.1 %

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 company has a 50-day simple moving average of $2.31 and a 200 day simple moving average of $11.88. The firm has a market cap of $8.32 million, a PE ratio of -0.33 and a beta of 0.46.

Creative Media & Community Trust Co. (NASDAQ:CMCT) last released 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 firm posted ($3.00) EPS. As a group, sell-side analysts forecast that Creative Media & Community Trust Co. will post -1.22 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cerity Partners LLC purchased a new position in Creative Media & Community Trust Co. in the 3rd quarter valued at $1,397,000. Arkadios Wealth Advisors acquired a new stake in shares of Creative Media & Community Trust Co. in the 3rd quarter worth $548,000. PFG Investments LLC acquired a new stake in shares of Creative Media & Community Trust Co. in the 3rd quarter worth $266,000. International Assets Investment Management LLC increased its stake in shares of Creative Media & Community Trust Co. by 186.6% in the 4th quarter. International Assets Investment Management LLC now owns 168,072 shares of the real estate investment trust’s stock worth $35,000 after acquiring an additional 109,425 shares during the last quarter. Finally, Sequoia Financial Advisors LLC acquired a new stake in shares of Creative Media & Community Trust Co. in the 3rd quarter worth $65,000. 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.