NewRiver REIT (LON:NRR) Reaches New 52-Week Low - Here's What Happened

NewRiver REIT plc (LON:NRR - Get Free Report) reached a new 52-week low during trading on Friday . The company traded as low as GBX 65.90 ($0.84) and last traded at GBX 66.39 ($0.85), with a volume of 2740677 shares traded. The stock had previously closed at GBX 69.40 ($0.89).

Wall Street Analyst Weigh In

Separately, Shore Capital reiterated a "house stock" rating on shares of NewRiver REIT in a research report on Thursday, March 6th.

NewRiver REIT Trading Down 1.5 %

The company's 50-day moving average is GBX 70.40 and its 200-day moving average is GBX 74.71. The company has a debt-to-equity ratio of 90.77, a quick ratio of 3.00 and a current ratio of 5.48. The firm has a market cap of £311.05 million, a price-to-earnings ratio of 67.90, a P/E/G ratio of -3.14 and a beta of 1.10.

Insider Transactions at NewRiver REIT

In other news, insider Alastair Miller purchased 29,359 shares of the firm's stock in a transaction that occurred on Wednesday, March 12th. The shares were acquired at an average price of GBX 68 ($0.87) per share, for a total transaction of £19,964.12 ($25,509.99). 7.73% of the stock is owned by company insiders.

About NewRiver REIT

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.