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)’s share price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $6.34 and traded as low as $0.66. Creative Media & Community Trust Co. shares last traded at $0.69, with a volume of 72,145 shares traded.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of Creative Media & Community Trust Co. in a research report on Friday, January 10th. They set a “sell” rating for the company.

Creative Media & Community Trust Co. Stock Performance

The stock has a market cap of $5.96 million, a price-to-earnings ratio of -0.02 and a beta of 0.42. 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’s 50-day simple moving average is $1.01 and its two-hundred day simple moving average is $6.23.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in CMCT. LPL Financial LLC raised its position in shares of Creative Media & Community Trust Co. by 69.5% during the fourth quarter. LPL Financial LLC now owns 126,285 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 51,766 shares during the last quarter. International Assets Investment Management LLC acquired a new position in shares of Creative Media & Community Trust Co. during the third quarter valued at about $29,000. Jane Street Group LLC raised its position in shares of Creative Media & Community Trust Co. by 658.0% during the fourth quarter. Jane Street Group LLC now owns 136,251 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 118,275 shares during the last quarter. Stonebridge Financial Planning Group LLC acquired a new position in Creative Media & Community Trust Co. in the third quarter worth about $39,000. Finally, Newbridge Financial Services Group Inc. acquired a new position in Creative Media & Community Trust Co. in the fourth quarter worth about $49,000. Institutional investors and hedge funds own 28.34% of the company’s stock.

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.