
Ready Capital (NYSE:RC) Shares Cross Below Two Hundred Day Moving Average - What's Next?

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Ready Capital Corp's stock (NYSE:RC) fell below its 200-day moving average, trading as low as $2.53. Analysts have adjusted their ratings, with Keefe, Bruyette & Woods and UBS Group lowering target prices, while Zacks Research upgraded to 'hold'. The stock has a consensus rating of 'Reduce'. Ready Capital reported negative earnings and offers a 19.6% dividend yield. Institutional investors have adjusted their positions, with hedge funds owning 55.87% of the stock.
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