Real Estate Credit Investments (LON:RECI) Stock Price Crosses Below 200 Day Moving Average – Should You Sell?

Real Estate Credit Investments Limited (LON:RECI) shares passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 125.49 ($1.58) and traded as low as GBX 122 ($1.53). Real Estate Credit Investments shares last traded at GBX 124 ($1.56), with a volume of 164,718 shares.

Real Estate Credit Investments Price Performance

The stock has a market capitalization of £275.14 million, a P/E ratio of 1,240.00 and a beta of 0.42. The business’s 50 day simple moving average is GBX 126.78 and its two-hundred day simple moving average is GBX 125.49. The company has a quick ratio of 0.10, a current ratio of 0.88 and a debt-to-equity ratio of 7.29.

Real Estate Credit Investments Dividend Announcement

The firm also recently declared a dividend, which will be paid on Friday, January 3rd. Investors of record on Thursday, December 5th will be given a GBX 3 ($0.04) dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a yield of 2.38%. Real Estate Credit Investments’s payout ratio is 12,000.00%.

Insiders Place Their Bets

In other news, insider Colleen McHugh purchased 8,000 shares of the business’s stock in a transaction that occurred on Thursday, November 28th. The shares were acquired at an average cost of GBX 126 ($1.58) per share, for a total transaction of £10,080 ($12,668.09). Also, insider Andreas Tautscher acquired 7,500 shares of the firm’s stock in a transaction on Wednesday, October 9th. The stock was purchased at an average price of GBX 129 ($1.62) per share, with a total value of £9,675 ($12,159.11). Corporate insiders own 0.50% of the company’s stock.

Real Estate Credit Investments Company Profile

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.