NewRiver REIT (LON:NRR) Stock Price Crosses Above 200-Day Moving Average – Here’s Why

NewRiver REIT plc (LON:NRR)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 77.90 ($1.01) and traded as high as GBX 79.60 ($1.04). NewRiver REIT shares last traded at GBX 79.60 ($1.04), with a volume of 297,137 shares.

NewRiver REIT Stock Performance

The stock has a market capitalization of £299.12 million, a PE ratio of 7,960.00, a PEG ratio of -3.14 and a beta of 1.10. The business’s 50 day moving average is GBX 80.42 and its 200 day moving average is GBX 77.94. The company has a current ratio of 5.40, a quick ratio of 3.00 and a debt-to-equity ratio of 103.07.

Insider Buying and Selling

In other NewRiver REIT news, insider Alastair Miller acquired 18,297 shares of the business’s stock in a transaction 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 ($19,530.77). 7.73% of the stock is owned by corporate insiders.

About NewRiver REIT

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.