Real Estate Credit Investments (LON:RECI) Share Price Passes Below 200-Day Moving Average – Time to Sell?

Real Estate Credit Investments Limited (LON:RECI) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 124.19 ($1.57) and traded as low as GBX 123 ($1.55). Real Estate Credit Investments shares last traded at GBX 127.50 ($1.61), with a volume of 197,064 shares traded.

Real Estate Credit Investments Trading Down 0.4 %

The company has a debt-to-equity ratio of 7.29, a current ratio of 0.88 and a quick ratio of 0.10. The stock’s 50-day moving average is GBX 128.58 and its two-hundred day moving average is GBX 124.32. The stock has a market cap of £282.91 million, a P/E ratio of 1,275.00 and a beta of 0.42.

Real Estate Credit Investments Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Friday, October 18th. Shareholders of record on Thursday, September 26th were given a dividend of GBX 3 ($0.04) per share. The ex-dividend date was Thursday, September 26th. This represents a yield of 2.31%. Real Estate Credit Investments’s dividend payout ratio (DPR) is currently 12,000.00%.

Insider Transactions at Real Estate Credit Investments

In other Real Estate Credit Investments news, insider Andreas Tautscher bought 7,500 shares of the business’s stock in a transaction on Wednesday, October 9th. The shares were acquired at an average price of GBX 129 ($1.63) per share, with a total value of £9,675 ($12,192.82). Company insiders own 0.50% of the company’s stock.

About Real Estate Credit Investments

Real Estate Credit Investments Limited is a closed-ended fixed income mutual fund launched and managed by Cheyne Capital Management (UK) LLP. The fund invests in the fixed income markets across the globe. It primarily makes its investments in asset backed securities. The fund considers coupon or cash flows on the tranche relative to the underlying credit to make its investments.