Could MedEquities Realty Trust, Inc. (MRT) Decrease Even More? The Stock Formed Double Bottom Chart Pattern

April 17, 2018 - By Clifton Ray

The chart of MedEquities Realty Trust, Inc. (MRT) shows a double bottom with $9.87 target or 3.00 % below today’s $10.18 share price. The 6 months chart pattern indicates high risk for the $324.61 million company. It was reported on Apr, 17 by Finviz.com. If the $9.87 price target is reached, the company will be worth $9.74 million less. Double bottoms are rare but powerful chart patterns.

The stock increased 0.69% or $0.07 during the last trading session, reaching $10.18. About 61,540 shares traded. MedEquities Realty Trust, Inc. (NYSE:MRT) has declined 5.97% since April 17, 2017 and is downtrending. It has underperformed by 17.52% the S&P500.

Analysts await MedEquities Realty Trust, Inc. (NYSE:MRT) to report earnings on May, 14. They expect $0.31 earnings per share, up 14.81 % or $0.04 from last year’s $0.27 per share. MRT’s profit will be $9.88 million for 8.21 P/E if the $0.31 EPS becomes a reality. After $0.31 actual earnings per share reported by MedEquities Realty Trust, Inc. for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.

MedEquities Realty Trust, Inc. (NYSE:MRT) Ratings Chart

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