Creative Media & Community Trust Co. (NASDAQ:CMCT) Shares Cross Below Two Hundred Day Moving Average – Time to Sell?

Shares of Creative Media & Community Trust Co. (NASDAQ:CMCT) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 trading hands.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on Creative Media & Community Trust Co. in a report on Friday. They set a “sell” rating for the company.

Creative Media & Community Trust Co. Price Performance

The firm has a market capitalization of $9.36 million, a P/E ratio of -0.38 and a beta of 0.46. The stock’s fifty day simple moving average is $2.36 and its 200 day simple moving average is $12.06. The company has a debt-to-equity ratio of 438.44, a current ratio of 2.71 and a quick ratio of 2.71.

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 firm had revenue of $28.62 million for the quarter. During the same period in the prior year, the company posted ($3.00) EPS. On average, equities research analysts predict 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.

A number of large investors have recently made changes to their positions in the business. Cerity Partners LLC purchased a new position in Creative Media & Community Trust Co. during the 3rd quarter worth $1,397,000. Arkadios Wealth Advisors acquired a new stake in Creative Media & Community Trust Co. in the third quarter worth about $548,000. PFG Investments LLC acquired a new stake in Creative Media & Community Trust Co. in the third quarter worth about $266,000. International Assets Investment Management LLC grew its stake 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 acquiring an additional 109,425 shares during the last quarter. Finally, Sequoia Financial Advisors LLC acquired a new position in shares of Creative Media & Community Trust Co. during the third quarter valued at about $65,000. 28.34% of the stock is owned by institutional investors and hedge funds.

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.