Dream Unlimited (TSE:DRM) Stock Price Passes Below 200 Day Moving Average – Time to Sell?

Dream Unlimited Corp. (TSE:DRM)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$19.59 and traded as low as C$19.30. Dream Unlimited shares last traded at C$19.71, with a volume of 47,276 shares trading hands.

Wall Street Analyst Weigh In

Separately, TD Securities raised their price target on shares of Dream Unlimited from C$27.00 to C$28.00 and gave the stock a “buy” rating in a report on Thursday, December 18th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Dream Unlimited presently has an average rating of “Buy” and a consensus price target of C$28.00.

Dream Unlimited Stock Up 0.6%

The company has a debt-to-equity ratio of 135.03, a quick ratio of 0.67 and a current ratio of 5.58. The stock’s 50 day simple moving average is C$19.29 and its 200 day simple moving average is C$19.58. The firm has a market cap of C$831.60 million, a P/E ratio of 10.83 and a beta of 1.25.

Dream Unlimited (TSE:DRM) last issued its quarterly earnings data on Wednesday, November 12th. The company reported C($0.35) earnings per share (EPS) for the quarter. Dream Unlimited had a negative net margin of 4.18% and a negative return on equity of 1.59%. The business had revenue of C$114.58 million for the quarter. Research analysts anticipate that Dream Unlimited Corp. will post 1.9481391 EPS for the current year.

Dream Unlimited Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 31st were paid a $0.1625 dividend. The ex-dividend date of this dividend was Monday, December 15th. This represents a $0.65 annualized dividend and a dividend yield of 3.3%. Dream Unlimited’s dividend payout ratio is 35.03%.

About Dream Unlimited

DREAM Unlimited Corp is a real estate company. The company’s divisions include Asset management; Stabilized income generating assets; Urban development – Toronto and Ottawa and Western Canada community development. It generates maximum revenue from the Asset Management segment. Its segments are Recurring income and Development.