Creative Media & Community Trust Co. (NASDAQ:CMCT) Stock Price Passes Below 200 Day Moving Average – Should You Sell?

Creative Media & Community Trust Co. (NASDAQ:CMCT) shares passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $7.18 and traded as low as $0.70. Creative Media & Community Trust Co. shares last traded at $0.76, with a volume of 264,339 shares.

Wall Street Analysts Forecast Growth

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

Creative Media & Community Trust Co. Stock Performance

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 company’s 50-day moving average price is $1.12 and its 200 day moving average price is $7.18.

Institutional Trading of Creative Media & Community Trust Co.

Several institutional investors have recently made changes to their positions in CMCT. LPL Financial LLC raised 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 valued at $28,000 after buying an additional 51,766 shares during the period. International Assets Investment Management LLC purchased a new stake in shares of Creative Media & Community Trust Co. during the 3rd quarter valued at approximately $29,000. Jane Street Group LLC raised its position in shares of 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 buying an additional 118,275 shares during the period. Stonebridge Financial Planning Group LLC purchased a new stake in shares of Creative Media & Community Trust Co. during the 3rd quarter valued at approximately $39,000. Finally, Calton & Associates Inc. purchased a new stake in shares of Creative Media & Community Trust Co. during the 3rd quarter valued at approximately $47,000. Hedge funds and other 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.