Seritage Growth Properties (NYSE:SRG) Stock Price Crosses Below Fifty Day Moving Average - Should You Sell?

Seritage Growth Properties (NYSE:SRG - Get Free Report) shares crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $3.89 and traded as low as $3.67. Seritage Growth Properties shares last traded at $3.80, with a volume of 151,482 shares trading hands.

Seritage Growth Properties Stock Up 1.0 %

The company's fifty day simple moving average is $3.87 and its 200-day simple moving average is $4.20. The firm has a market capitalization of $205.10 million, a PE ratio of -1.43 and a beta of 2.57. The company has a debt-to-equity ratio of 0.67, a current ratio of 8.10 and a quick ratio of 8.10.

Institutional Investors Weigh In On Seritage Growth Properties

Several hedge funds have recently added to or reduced their stakes in SRG. Renaissance Technologies LLC acquired a new stake in Seritage Growth Properties during the fourth quarter valued at $49,000. XTX Topco Ltd acquired a new stake in shares of Seritage Growth Properties during the 4th quarter valued at about $60,000. Atom Investors LP purchased a new position in shares of Seritage Growth Properties in the 3rd quarter valued at about $62,000. Cubist Systematic Strategies LLC acquired a new position in Seritage Growth Properties in the 4th quarter worth about $145,000. Finally, Proficio Capital Partners LLC purchased a new position in Seritage Growth Properties during the fourth quarter worth approximately $223,000. 78.93% of the stock is owned by hedge funds and other institutional investors.

Seritage Growth Properties Company Profile

Seritage Growth Properties operates as a real estate investment trust. The firm engages in the acquisition, ownership, development, redevelopment, management, and leasing of retail properties throughout the United States. Its property portfolio includes mall, shopping centers and freestanding locations.