Seritage Growth Properties (NYSE:SRG) Stock Price Passes Below 50 Day Moving Average – Here’s Why

Seritage Growth Properties (NYSE:SRG) crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $3.89 and traded as low as $3.67. Seritage Growth Properties shares last traded at $3.80, with a volume of 151,482 shares trading hands.

Seritage Growth Properties Trading Down 1.4 %

The company has a quick ratio of 8.10, a current ratio of 8.10 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $213.54 million, a price-to-earnings ratio of -1.49 and a beta of 2.57. The business has a 50-day moving average of $3.89 and a two-hundred day moving average of $4.22.

Institutional Trading of Seritage Growth Properties

Institutional investors have recently modified their holdings of the company. Renaissance Technologies LLC acquired a new position in shares of Seritage Growth Properties in the 4th quarter valued at $49,000. XTX Topco Ltd bought a new stake in shares of Seritage Growth Properties in the 4th quarter valued at approximately $60,000. Atom Investors LP acquired a new position in shares of Seritage Growth Properties in the 3rd quarter worth approximately $62,000. Cubist Systematic Strategies LLC bought a new position in shares of Seritage Growth Properties during the 4th quarter worth approximately $145,000. Finally, Proficio Capital Partners LLC bought a new position in shares of Seritage Growth Properties during the fourth quarter valued at $223,000. Institutional investors and hedge funds own 78.93% of the company’s stock.

About Seritage Growth Properties

Seritage Growth Properties operates as a real estate investment trust. The firm engages in the acquisition, ownership, development, redevelopment, management, and leasing of retail properties throughout the United States. Its property portfolio includes mall, shopping centers and freestanding locations.