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

Real Estate Credit Investments Limited (LON:RECI - Get Free Report) shares crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred 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 changing hands.

Real Estate Credit Investments Price Performance

The company has a debt-to-equity ratio of 7.29, a quick ratio of 0.10 and a current ratio of 0.88. The firm has a fifty day simple moving average of GBX 128.58 and a 200 day simple moving average of GBX 124.26. The company has a market capitalization of £282.91 million, a PE ratio of 1,275.00 and a beta of 0.42.

Real Estate Credit Investments Dividend Announcement

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

Insider Activity at Real Estate Credit Investments

In related news, insider Andreas Tautscher purchased 7,500 shares of the company's stock in a transaction that occurred on Wednesday, October 9th. The shares were purchased 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 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.