NewRiver REIT (LON:NRR) Stock Price Passes Above 200 Day Moving Average – Here’s What Happened

NewRiver REIT plc (LON:NRR) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 77.44 ($1.01) and traded as high as GBX 82.61 ($1.08). NewRiver REIT shares last traded at GBX 82 ($1.07), with a volume of 369,950 shares changing hands.

NewRiver REIT Stock Performance

The company has a current ratio of 5.40, a quick ratio of 3.00 and a debt-to-equity ratio of 103.07. The company has a market capitalization of £314.53 million, a PE ratio of 8,200.00, a PEG ratio of -3.14 and a beta of 1.10. The firm’s 50-day simple moving average is GBX 80.93 and its 200-day simple moving average is GBX 77.44.

Insider Activity

In other news, insider Alastair Miller acquired 18,297 shares of the company’s stock in a transaction that occurred on Monday, September 30th. The shares were bought at an average price of GBX 82 ($1.07) per share, with a total value of £15,003.54 ($19,591.98). Insiders own 7.73% of the company’s stock.

NewRiver REIT Company Profile

NewRiver REIT plc ('NewRiver') is a leading Real Estate Investment Trust specialising in buying, managing and developing resilient retail assets throughout the UK. Our £0.6 billion UK wide portfolio covers 6.4 million sq ft and comprises 25 community shopping centres and 12 conveniently located retail parks occupied by tenants predominately focused on essential goods and services.