Residential Secure Income PLC (LON:RESI) traded up 0.3% during mid-day trading on Wednesday . The company traded as high as GBX 94 ($1.16) and last traded at GBX 93.50 ($1.15), 340,744 shares were traded during mid-day trading. An increase of 210% from the average session volume of 109,806 shares. The stock had previously closed at GBX 93.20 ($1.15).
Separately, Berenberg Bank raised Residential Secure Income to a “buy” rating and decreased their target price for the company from GBX 100 ($1.23) to GBX 90 ($1.11) in a research report on Wednesday, May 6th.
The firm has a market capitalization of $159.90 million and a PE ratio of 21.74. The business has a 50 day moving average price of GBX 90.59 and a 200-day moving average price of GBX 91.98. The company has a current ratio of 3.04, a quick ratio of 1.22 and a debt-to-equity ratio of 75.33.
Residential Secure Income Company Profile (LON:RESI)
Residential Secure Income plc ("ReSI" or "the Company") is managed by ReSI Capital Management Limited (the "Fund Manager"), a wholly-owned and separately regulated subsidiary of TradeRisks Limited ("TradeRisks") – a financing adviser and debt arranger with a 17-year track record in the social housing sector.
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