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

Creative Media & Community Trust Co. (NASDAQ:CMCT) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $4.93 and traded as low as $0.25. Creative Media & Community Trust Co. shares last traded at $0.29, with a volume of 1,709,100 shares changing hands.

Wall Street Analysts Forecast Growth

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

Creative Media & Community Trust Co. Trading Down 16.9 %

The company has a fifty day moving average of $0.79 and a two-hundred day moving average of $4.82. 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 stock has a market capitalization of $2.52 million, a price-to-earnings ratio of -0.01 and a beta of 0.42.

Creative Media & Community Trust Co. (NASDAQ:CMCT) last posted its earnings results on Friday, March 7th. The real estate investment trust reported ($0.75) earnings per share for the quarter. The company had revenue of $27.46 million during the quarter. During the same period last year, the company posted ($6.66) earnings per share. On average, research analysts expect that Creative Media & Community Trust Co. will post -12.2 EPS for the current year.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. LPL Financial LLC lifted its holdings in shares of Creative Media & Community Trust Co. by 69.5% during the fourth 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 during the last quarter. Jane Street Group LLC lifted its holdings in shares of Creative Media & Community Trust Co. by 658.0% during the fourth quarter. Jane Street Group LLC now owns 136,251 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 118,275 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in shares of Creative Media & Community Trust Co. by 186.6% during the fourth quarter. International Assets Investment Management LLC now owns 168,072 shares of the real estate investment trust’s stock worth $35,000 after buying an additional 109,425 shares during the last quarter. Stonebridge Financial Planning Group LLC acquired a new position in shares of Creative Media & Community Trust Co. during the third quarter worth approximately $39,000. Finally, Newbridge Financial Services Group Inc. acquired a new position in shares of Creative Media & Community Trust Co. during the fourth quarter worth approximately $49,000. 28.34% of the stock is currently owned by institutional investors and hedge funds.

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.