United Development Funding IV (OTCMKTS:UDFI – Get Free Report)’s stock price passed below its 50-day moving average during trading on Monday. The stock has a 50-day moving average of $1.40 and traded as low as $1.29. United Development Funding IV shares last traded at $1.40, with a volume of 63,400 shares.
United Development Funding IV Stock Down 6.0%
The business’s fifty day moving average is $1.40 and its 200-day moving average is $1.40.
About United Development Funding IV
United Development Funding IV is a real estate investment trust focused on residential real estate development and related investments. The company primarily seeks opportunities involving land acquisition, development and construction, with an emphasis on projects intended for single-family housing and other residential uses.
Through loans and other real estate investments, United Development Funding IV provides capital to developers and participates in the financing of residential communities.
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