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Residential Secure Income (LON:RESI) Stock Crosses Above Fifty Day Moving Average - Here's Why

Residential Secure Income logo with Real Estate background

Residential Secure Income plc (LON:RESI - Get Free Report)'s stock price passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 58.50 ($0.74) and traded as high as GBX 60 ($0.75). Residential Secure Income shares last traded at GBX 59 ($0.74), with a volume of 37,052 shares changing hands.

Residential Secure Income Stock Performance

The business's 50-day moving average price is GBX 58.51 and its 200-day moving average price is GBX 53.56. The company has a current ratio of 1.05, a quick ratio of 0.83 and a debt-to-equity ratio of 140.63. The stock has a market cap of £108.87 million, a PE ratio of -2,940.00 and a beta of 0.21.

Residential Secure Income Company Profile

(Get Free Report)

Residential Secure Income plc (ReSI or the Company) LSE: RESI is a real estate investment trust (REIT) focused on delivering secure, inflation-linked returns in two sub-sectors in UK residential housing; independent retirement rentals and shared ownership, which are underpinned by an ageing demographic and untapped, strong demand for affordable homes.

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