Real Estate Credit Investments (LON:RECI) Share Price Passes Below 200 Day Moving Average – Here’s Why

Real Estate Credit Investments Limited (LON:RECI) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 124.19 ($1.57) and traded as low as GBX 123 ($1.55). Real Estate Credit Investments shares last traded at GBX 127.50 ($1.61), with a volume of 197,064 shares.

Real Estate Credit Investments Stock Down 0.4 %

The stock’s fifty day moving average price is GBX 128.62 and its 200-day moving average price is GBX 124.19. 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 has a market capitalization of £282.91 million, a price-to-earnings ratio of 1,275.00 and a beta of 0.42.

Real Estate Credit Investments Announces Dividend

The firm also recently disclosed a dividend, which was paid on Friday, October 18th. Stockholders of record on Thursday, September 26th were paid a dividend of GBX 3 ($0.04) per share. The ex-dividend date was Thursday, September 26th. This represents a dividend yield of 2.31%. Real Estate Credit Investments’s dividend payout ratio is 12,000.00%.

Insider Buying and Selling

In other news, insider Andreas Tautscher acquired 7,500 shares of the firm’s stock in a transaction dated Wednesday, October 9th. The stock was bought at an average price of GBX 129 ($1.63) per share, with a total value of £9,675 ($12,192.82). 0.50% of the stock is currently owned by corporate insiders.

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.