Residential Secure Income (LON:RESI) Trading 1% Higher – Should You Buy?

Residential Secure Income plc (LON:RESI)’s share price traded up 1% during trading on Thursday . The company traded as high as GBX 58.40 ($0.75) and last traded at GBX 58.20 ($0.75). 151,097 shares were traded during mid-day trading, a decline of 52% from the average session volume of 313,499 shares. The stock had previously closed at GBX 57.60 ($0.74).

Residential Secure Income Trading Up 1.0 %

The business has a fifty day moving average price of GBX 56.39 and a 200 day moving average price of GBX 51.92. The company has a market capitalization of £107.76 million, a PE ratio of -2,910.00 and a beta of 0.21. The company has a debt-to-equity ratio of 140.63, a quick ratio of 0.83 and a current ratio of 1.05.

Residential Secure Income Company Profile

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.