NewRiver REIT (LON:NRR) Share Price Passes Above 200 Day Moving Average – Here’s Why

NewRiver REIT plc (LON:NRR) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 73.55 ($0.98) and traded as high as GBX 79.10 ($1.05). NewRiver REIT shares last traded at GBX 77.90 ($1.04), with a volume of 456,685 shares.

Analyst Ratings Changes

Separately, Shore Capital reaffirmed a “house stock” rating on shares of NewRiver REIT in a research report on Tuesday, April 29th.

NewRiver REIT Stock Performance

The company has a market cap of £373.13 million, a PE ratio of 81.45, a P/E/G ratio of -3.14 and a beta of 1.10. The company has a quick ratio of 3.00, a current ratio of 5.48 and a debt-to-equity ratio of 90.77. The business’s fifty day moving average is GBX 70.70 and its 200-day moving average is GBX 73.55.

Insider Transactions at NewRiver REIT

In other NewRiver REIT news, insider Alastair Miller purchased 29,359 shares of the stock in a transaction that occurred on Wednesday, March 12th. The stock was purchased at an average price of GBX 68 ($0.90) per share, with a total value of £19,964.12 ($26,540.97). Corporate insiders own 7.73% of the company’s stock.

NewRiver REIT Company Profile

NewRiver is a leading Real Estate Investment Trust specialising in buying, managing and developing retail and leisure assets across the UK. Every day, our shopping centres, retail parks and pubs provide essential goods and services to their local communities.