Ares Commercial Real Estate Corporation (ACRE) Moves Higher on Volume Spike for January 11

Equities Staff  |

Ares Commercial Real Estate Corporation (ACRE) traded on unusually high volume on Jan. 11, as the stock gained 2.94% to close at $14.35. On the day, Ares Commercial Real Estate Corporation saw 482,236 shares trade hands on 2,592 trades. Considering that the stock averages only a daily volume of 155,715 shares a day over the last month, this represents a pretty significant bump in volume over the norm.

Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the company, potentially setting up a more meaningful move in stock price. The added volume also provides a level of support and stability for price advances.

The stock has traded between $14.77 and $11.96 over the last 52-weeks, its 50-day SMA is now $13.75, and its 200-day SMA $13.18. Ares Commercial Real Estate Corporation has a P/B ratio of 0.97. It also has a P/E ratio of 11.3.

Ares Commercial Real Estate Corp is a specialty finance company and a Real Estate Investment Trust providing commercial real estate loans and related investments. The firm has over $90 billion of assets under management. It operates in two segments namely Principal lending and Mortgage banking. The company recognizes its revenues through the interest income it receives from loans.

Headquartered in New York, NY, Ares Commercial Real Estate Corporation has 1,000 employees and is currently under the leadership of CEO James Alan Henderson.

For a complete fundamental analysis analysis of Ares Commercial Real Estate Corporation, check out Equities.com’s Stock Valuation Analysis report for ACRE.

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To get more information on Ares Commercial Real Estate Corporation and to follow the company’s latest updates, you can visit the company’s profile page here: ACRE’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.



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