NewRiver REIT (LON:NRR) Shares Cross Above 200 Day Moving Average – Should You Sell?

Shares of NewRiver REIT plc (LON:NRR) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 77.90 ($1.01) and traded as high as GBX 79.60 ($1.04). NewRiver REIT shares last traded at GBX 79.60 ($1.04), with a volume of 297,137 shares.

NewRiver REIT Stock Performance

The firm has a fifty day moving average price of GBX 80.42 and a 200 day moving average price of GBX 77.94. The company has a debt-to-equity ratio of 103.07, a quick ratio of 3.00 and a current ratio of 5.40. The stock has a market cap of £299.12 million, a PE ratio of 7,960.00, a price-to-earnings-growth ratio of -3.14 and a beta of 1.10.

Insider Transactions at NewRiver REIT

In related news, insider Alastair Miller acquired 18,297 shares of NewRiver REIT stock in a transaction on Monday, September 30th. The stock was acquired at an average price of GBX 82 ($1.07) per share, for a total transaction of £15,003.54 ($19,530.77). Company insiders own 7.73% of the company’s stock.

About NewRiver REIT

NewRiver REIT plc ('NewRiver') is a leading Real Estate Investment Trust specialising in buying, managing and developing resilient retail assets throughout the UK. Our £0.6 billion UK wide portfolio covers 6.4 million sq ft and comprises 25 community shopping centres and 12 conveniently located retail parks occupied by tenants predominately focused on essential goods and services.