Real Estate Credit Investments (LON:RECI) Share Price Crosses Below 200-Day Moving Average – What’s Next?

Real Estate Credit Investments Limited (LON:RECI) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 125.32 ($1.58) and traded as low as GBX 122 ($1.54). Real Estate Credit Investments shares last traded at GBX 125 ($1.58), with a volume of 121,119 shares trading hands.

Real Estate Credit Investments Price Performance

The stock has a market cap of £272.93 million, a price-to-earnings ratio of 1,228.90 and a beta of 0.42. The company has a quick ratio of 0.10, a current ratio of 0.88 and a debt-to-equity ratio of 7.29. The company’s 50-day moving average is GBX 127.27 and its 200-day moving average is GBX 125.32.

Real Estate Credit Investments Dividend Announcement

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

Insider Buying and Selling

In other news, insider Colleen McHugh acquired 8,000 shares of the company’s stock in a transaction dated Thursday, November 28th. The stock was bought at an average price of GBX 126 ($1.59) per share, with a total value of £10,080 ($12,722.45). Also, insider Andreas Tautscher bought 7,500 shares of the business’s stock in a transaction dated Wednesday, October 9th. The stock was purchased at an average price of GBX 129 ($1.63) per share, with a total value of £9,675 ($12,211.28). 0.50% of the stock is owned by corporate insiders.

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.