CorEnergy Infrastructure Trust (NYSE:CORR) Stock Crosses Below Two Hundred Day Moving Average of $1.75

CorEnergy Infrastructure Trust, Inc. (NYSE:CORR – Get Rating)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.75 and traded as low as $0.95. CorEnergy Infrastructure Trust shares last traded at $1.14, with a volume of 3,327,440 shares changing hands.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on CorEnergy Infrastructure Trust in a report on Friday. They issued a “hold” rating for the company.

CorEnergy Infrastructure Trust Stock Up 11.8 %

The company has a debt-to-equity ratio of 2.04, a quick ratio of 1.40 and a current ratio of 1.90. The firm has a fifty day moving average price of $1.13 and a 200 day moving average price of $1.75. The firm has a market capitalization of $17.50 million, a price-to-earnings ratio of 3.22 and a beta of 1.27.

Hedge Funds Weigh In On CorEnergy Infrastructure Trust

Several hedge funds have recently bought and sold shares of CORR. Jane Street Group LLC purchased a new position in CorEnergy Infrastructure Trust during the fourth quarter worth $29,000. Renaissance Technologies LLC acquired a new position in shares of CorEnergy Infrastructure Trust during the second quarter worth $55,000. Finally, Moneta Group Investment Advisors LLC increased its stake in CorEnergy Infrastructure Trust by 80,730.5% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 16,267,943 shares of the asset manager’s stock worth $34,000,000 after buying an additional 16,247,817 shares during the period. 13.38% of the stock is owned by hedge funds and other institutional investors.

About CorEnergy Infrastructure Trust

(Get Rating)

CorEnergy Infrastructure Trust, Inc is a real estate investment trust, which focuses on energy infrastructure such as pipelines, storage terminals, transmission, and distribution assets. The company was founded by Richard C. Green, Jr. on September 8, 2005 and is headquartered in Kansas City, MO.