Sequoia Economic Infrastructure (LON:SEQI) Shares Pass Above 200-Day Moving Average – Should You Sell?

Sequoia Economic Infrastructure Inc (LON:SEQI)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 78.92 ($1.01) and traded as high as GBX 80.31 ($1.02). Sequoia Economic Infrastructure shares last traded at GBX 80.31 ($1.02), with a volume of 1,430,428 shares changing hands.

Sequoia Economic Infrastructure Stock Performance

The stock has a market capitalization of £1.35 billion and a price-to-earnings ratio of -8,030.60. The business’s 50 day simple moving average is GBX 77.38 and its 200-day simple moving average is GBX 78.92.

Sequoia Economic Infrastructure Announces Dividend

The firm also recently disclosed a dividend, which was paid on Friday, November 22nd. Stockholders of record on Thursday, October 24th were given a dividend of GBX 1.72 ($0.02) per share. The ex-dividend date of this dividend was Thursday, October 24th. This represents a dividend yield of 2.22%. Sequoia Economic Infrastructure’s dividend payout ratio is presently -70,000.00%.

Insider Activity at Sequoia Economic Infrastructure

In related news, insider James Stewart acquired 25,243 shares of Sequoia Economic Infrastructure stock in a transaction that occurred on Thursday, October 3rd. The stock was acquired at an average price of GBX 79 ($1.01) per share, with a total value of £19,941.97 ($25,445.92). 0.08% of the stock is owned by insiders.

Sequoia Economic Infrastructure Company Profile

Sequoia Economic Infrastructure Income Fund Limited invests in a diversified portfolio of senior and subordinated economic infrastructure debt investments through its subsidiary Sequoia IDF Asset Holdings SA The Company operates through investment in senior and subordinated infrastructure debt instruments and related and/or similar assets segment.