Creative Media & Community Trust Co. (NASDAQ:CMCT) Shares Pass Below 200 Day Moving Average – Here’s What Happened

Creative Media & Community Trust Co. (NASDAQ:CMCT) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.42 and traded as low as $0.12. Creative Media & Community Trust Co. shares last traded at $0.14, with a volume of 2,690,786 shares.

Wall Street Analyst Weigh In

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

Creative Media & Community Trust Co. Stock Performance

The stock has a market cap of $15.17 million, a P/E ratio of -0.06 and a beta of 0.45. The firm has a 50 day moving average of $0.31 and a two-hundred day moving average of $1.40. The company has a debt-to-equity ratio of 438.44, a quick ratio of 2.71 and a current ratio of 2.71.

Creative Media & Community Trust Co. (NASDAQ:CMCT) last issued its quarterly earnings results on Friday, November 8th. The real estate investment trust reported ($1.22) EPS for the quarter, missing analysts’ consensus estimates of ($0.36) by ($0.86). The firm had revenue of $28.62 million during the quarter. During the same quarter last year, the firm earned ($0.30) earnings per share. On average, research analysts predict that Creative Media & Community Trust Co. will post -1.22 EPS for the current fiscal year.

Institutional Investors Weigh In On Creative Media & Community Trust Co.

Several institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP boosted its holdings in Creative Media & Community Trust Co. by 13.7% during the second quarter. Dimensional Fund Advisors LP now owns 65,190 shares of the real estate investment trust’s stock worth $175,000 after buying an additional 7,863 shares during the last quarter. EWG Elevate Inc. acquired a new position in shares of Creative Media & Community Trust Co. in the 3rd quarter valued at $37,000. Carnegie Investment Counsel bought a new stake in shares of Creative Media & Community Trust Co. in the third quarter worth about $50,000. Calton & Associates Inc. bought a new stake in Creative Media & Community Trust Co. during the 3rd quarter worth approximately $47,000. Finally, Sequoia Financial Advisors LLC acquired a new stake in shares of Creative Media & Community Trust Co. during the third quarter worth $65,000. Institutional investors and hedge funds 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.