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 share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $8.01 and traded as low as $0.69. Creative Media & Community Trust Co. shares last traded at $0.72, with a volume of 83,270 shares changing hands.

Analyst Upgrades and Downgrades

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

Creative Media & Community Trust Co. Stock Up 3.0 %

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 business has a 50-day moving average price of $1.36 and a 200-day moving average price of $8.01. The firm has a market cap of $6.25 million, a P/E ratio of -0.03 and a beta of 0.42.

Hedge Funds Weigh In On Creative Media & Community Trust Co.

A number of hedge funds and other institutional investors have recently made changes to their positions in CMCT. LPL Financial LLC grew its position in shares of Creative Media & Community Trust Co. by 69.5% during the 4th quarter. LPL Financial LLC now owns 126,285 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 51,766 shares in the last quarter. International Assets Investment Management LLC bought a new stake in Creative Media & Community Trust Co. during the third quarter valued at about $29,000. Stonebridge Financial Planning Group LLC bought a new stake in Creative Media & Community Trust Co. during the third quarter valued at about $39,000. Calton & Associates Inc. bought a new stake in Creative Media & Community Trust Co. during the third quarter valued at about $47,000. Finally, Newbridge Financial Services Group Inc. bought a new stake in Creative Media & Community Trust Co. during the fourth quarter valued at about $49,000. Institutional investors 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.