Creative Media & Community Trust Co. Stock Scheduled to Reverse Split on Monday, January 6th (NASDAQ:CMCT)

Creative Media & Community Trust Co. (NASDAQ:CMCT)’s stock is going to reverse split on the morning of Monday, January 6th. The 1-10 reverse split was announced on Thursday, January 2nd. The number of shares owned by shareholders will be adjusted after the market closes on Friday, January 3rd.

Creative Media & Community Trust Co. Stock Down 7.1 %

Creative Media & Community Trust Co. stock traded down $0.02 during midday trading on Thursday, hitting $0.21. The stock had a trading volume of 106,179,063 shares, compared to its average volume of 487,262. The business has a fifty day moving average price of $0.28 and a 200 day moving average price of $1.30. Creative Media & Community Trust Co. has a 12 month low of $0.11 and a 12 month high of $4.40. The stock has a market cap of $18.13 million, a P/E ratio of -0.07 and a beta of 0.45. The company has a current ratio of 2.71, a quick ratio of 2.71 and a debt-to-equity ratio of 438.44.

Creative Media & Community Trust Co. (NASDAQ:CMCT) last issued its quarterly earnings results on Friday, November 8th. The real estate investment trust reported ($1.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.36) by ($0.86). The firm had revenue of $28.62 million during the quarter. During the same period in the prior year, the business posted ($0.30) earnings per share. Research analysts predict that Creative Media & Community Trust Co. will post -1.22 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of Creative Media & Community Trust Co. in a research note on Thursday. They set a “sell” rating on the stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Cerity Partners LLC purchased a new position in Creative Media & Community Trust Co. in the 3rd quarter worth about $1,397,000. Stonebridge Financial Planning Group LLC acquired a new position in shares of Creative Media & Community Trust Co. in the third quarter worth about $39,000. PFG Investments LLC acquired a new stake in shares of Creative Media & Community Trust Co. during the third quarter valued at approximately $266,000. Arkadios Wealth Advisors purchased a new stake in shares of Creative Media & Community Trust Co. in the third quarter valued at $548,000. Finally, International Assets Investment Management LLC acquired a new stake in shares of Creative Media & Community Trust Co. in the third quarter worth $29,000. 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.