Residential Secure Income plc (LON:RESI – Get Free Report) hit a new 52-week low during mid-day trading on Tuesday. The company traded as low as GBX 6.16 and last traded at GBX 6.16, with a volume of 669,893 shares traded. The stock had previously closed at GBX 6.80.
Residential Secure Income Stock Down 9.4%
The company has a market cap of £11.41 million, a PE ratio of -7.70 and a beta of 0.46. The stock’s 50 day simple moving average is GBX 7.24 and its two-hundred day simple moving average is GBX 38.70.
About Residential Secure Income
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. Our purpose is to deliver affordable, high-quality, safe homes with great customer service and long-term stability of tenure for residents. We achieve this through meeting demand from housing developers (housing associations, local authorities and private developers) for long-term investment partners to accelerate the development of socially and economically beneficial affordable housing.
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