Creative Media & Community Trust Co. (NASDAQ:CMCT) Share Price Passes Below 200-Day Moving Average – Here’s Why

Creative Media & Community Trust Co. (NASDAQ:CMCT) crossed below its 200-day moving average during trading on Friday . The stock has a 200-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 changing hands.

Wall Street Analysts Forecast Growth

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

Creative Media & Community Trust Co. Trading Down 4.3 %

The company 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 firm has a fifty day moving average price of $1.01 and a 200 day moving average price of $6.34.

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

Large investors have recently made changes to their positions in the stock. LPL Financial LLC lifted its holdings in 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 valued at $28,000 after purchasing an additional 51,766 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in Creative Media & Community Trust Co. during the 3rd quarter valued at $29,000. Jane Street Group LLC lifted its holdings in Creative Media & Community Trust Co. by 658.0% during the 4th quarter. Jane Street Group LLC now owns 136,251 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 118,275 shares during the last quarter. Stonebridge Financial Planning Group LLC acquired a new stake in Creative Media & Community Trust Co. during the 3rd quarter valued at $39,000. Finally, Newbridge Financial Services Group Inc. acquired a new stake in Creative Media & Community Trust Co. during the 4th quarter valued at $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.