Creative Media & Community Trust Co. (NASDAQ:CMCT) Stock Crosses Below 200 Day Moving Average – What’s Next?

Creative Media & Community Trust Co. (NASDAQ:CMCT) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $12.06 and traded as low as $1.00. Creative Media & Community Trust Co. shares last traded at $1.08, with a volume of 1,027,441 shares.

Wall Street Analyst Weigh In

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

Creative Media & Community Trust Co. Stock Down 11.1 %

The business has a 50-day moving average of $2.31 and a 200-day moving average of $11.88. 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 stock has a market capitalization of $8.32 million, a price-to-earnings ratio of -0.33 and a beta of 0.46.

Creative Media & Community Trust Co. (NASDAQ:CMCT) last issued its quarterly earnings data on Friday, November 8th. The real estate investment trust reported ($12.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($3.60) by ($8.60). The company had revenue of $28.62 million during the quarter. During the same quarter in the prior year, the business posted ($3.00) earnings per share. On average, sell-side analysts expect that Creative Media & Community Trust Co. will post -1.22 EPS for the current year.

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

Hedge funds and other institutional investors have recently bought and sold shares of the company. International Assets Investment Management LLC purchased a new position in Creative Media & Community Trust Co. during the 3rd quarter valued at about $29,000. EWG Elevate Inc. purchased a new position in Creative Media & Community Trust Co. during the 3rd quarter valued at about $37,000. Stonebridge Financial Planning Group LLC purchased a new position in shares of Creative Media & Community Trust Co. in the 3rd quarter valued at about $39,000. Calton & Associates Inc. purchased a new position in shares of Creative Media & Community Trust Co. in the 3rd quarter valued at about $47,000. Finally, Carnegie Investment Counsel purchased a new position in shares of Creative Media & Community Trust Co. in the 3rd quarter valued at about $50,000. 28.34% of the stock is currently owned by hedge funds and other institutional investors.

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.