CIM Commercial Trust Corp (NASDAQ:CMCT)’s share price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $20.34 and traded as high as $20.69. CIM Commercial Trust shares last traded at $20.69, with a volume of 311 shares.
CMCT has been the topic of a number of recent analyst reports. TheStreet upgraded shares of CIM Commercial Trust from a “c+” rating to a “b” rating in a research note on Thursday, June 6th. BidaskClub lowered shares of CIM Commercial Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, June 18th.
The company has a debt-to-equity ratio of 0.26, a quick ratio of 17.56 and a current ratio of 17.56. The business has a 50-day moving average price of $20.34.
About CIM Commercial Trust (NASDAQ:CMCT)
CIM Commercial is a real estate investment trust that primarily acquires, owns, and operates Class A and creative office assets in vibrant and improving metropolitan communities throughout the United States. Its properties are primarily located in Los Angeles, the San Francisco Bay Area and Washington, DC CIM Commercial is operated by affiliates of CIM Group, L.P., a vertically-integrated owner and operator of real assets with multi-disciplinary expertise and in-house research, acquisition, credit analysis, development, finance, leasing, and onsite property management capabilities.
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