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

Real Estate Credit Investments Limited (LON:RECI) passed 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 trading hands.

Real Estate Credit Investments Stock Down 0.4 %

The firm’s 50 day moving average price is GBX 128.62 and its 200-day moving average price is GBX 124.19. The company has a current ratio of 0.88, a quick ratio of 0.10 and a debt-to-equity ratio of 7.29. The company has a market cap of £282.91 million, a P/E ratio of 1,275.00 and a beta of 0.42.

Real Estate Credit Investments Dividend Announcement

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

Insider Activity

In other news, insider Andreas Tautscher purchased 7,500 shares of the business’s stock in a transaction that occurred on Wednesday, October 9th. The shares were acquired at an average cost of GBX 129 ($1.63) per share, for a total transaction of £9,675 ($12,192.82). 0.50% of the stock is currently owned by company 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.