NewRiver REIT plc (LON:NRR – Get Free Report) experienced a significant decline in its stock price on Tuesday, as it fell below its 200-day moving average. The stock, which has a 200-day moving average of GBX 80.37 ($1.02), dropped to a low of GBX 73.20 ($0.93). However, it managed to recover slightly and ended the day at GBX 73.40 ($0.93). The trading volume amounted to 295,755 shares, indicating considerable market activity.
Wall Street analysts are forecasting growth for NewRiver REIT, making it an intriguing stock to watch. Investors should pay attention to the latest stock report on the company for further insights into its potential.
Despite the recent decline, NewRiver REIT has shown signs of positive trading, with a 0.5% increase. The company maintains a debt-to-equity ratio of 101.63, indicating a reliance on debt for financing activities. It boasts a quick ratio of 3.00 and a current ratio of 4.57, suggesting it has enough current assets to cover short-term liabilities. The stock has a fifty-day moving average of GBX 76.73 and a 200-day moving average of GBX 80.26. With a market capitalization of £228.98 million, NewRiver REIT holds a significant position in the market. The company has a price-to-earnings ratio of -922.50, a PEG ratio of -3.14, and a beta of 1.07, indicating its volatility in relation to the overall market.
NewRiver REIT, a leading Real Estate Investment Trust in the UK, specializes in acquiring, managing, and developing resilient retail assets. Its extensive portfolio, valued at £0.6 billion, covers 6.4 million sq ft and consists of 25 community shopping centers and 12 strategically located retail parks. The company primarily focuses on tenants that offer essential goods and services, ensuring the stability and profitability of its investments.
Before considering NewRiver REIT, it is essential to understand the recommendations of Wall Street’s top-rated research analysts. While the company currently has a “Buy” rating among analysts, there are five other stocks that these analysts believe are superior. MarketBeat constantly monitors the recommendations of top analysts and identifies the stocks they recommend to their clients.
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