Real Estate Credit Investments (LON:RECI) Stock Price Passes Below 200 Day Moving Average of $123.92

Real Estate Credit Investments Limited (LON:RECI) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 123.92 ($1.53) and traded as low as GBX 115.86 ($1.43). Real Estate Credit Investments shares last traded at GBX 116 ($1.43), with a volume of 1,145,645 shares traded.

Real Estate Credit Investments Price Performance

The company has a debt-to-equity ratio of 17.51, a current ratio of 0.18 and a quick ratio of 0.10. The company’s 50-day simple moving average is GBX 118.01 and its 200-day simple moving average is GBX 123.92. The stock has a market capitalization of £262.05 million, a P/E ratio of 1,054.55 and a beta of 0.43.

Real Estate Credit Investments Announces Dividend

The business also recently disclosed a dividend, which was paid on Friday, April 5th. Stockholders of record on Thursday, March 14th were given a GBX 3 ($0.04) dividend. This represents a dividend yield of 2.5%. The ex-dividend date of this dividend was Thursday, March 14th. Real Estate Credit Investments’s payout ratio is presently 10,909.09%.

Insider Activity

In related news, insider Colleen McHugh acquired 9,000 shares of the company’s stock in a transaction dated Thursday, April 4th. The shares were bought at an average cost of GBX 114 ($1.41) per share, with a total value of £10,260 ($12,672.92). In other news, insider Bob Cowdell acquired 10,000 shares of Real Estate Credit Investments stock in a transaction on Friday, February 16th. The shares were purchased at an average cost of GBX 121 ($1.49) per share, for a total transaction of £12,100 ($14,945.65). Also, insider Colleen McHugh acquired 9,000 shares of Real Estate Credit Investments stock in a transaction on Thursday, April 4th. The shares were purchased at an average price of GBX 114 ($1.41) per share, for a total transaction of £10,260 ($12,672.92). Insiders have purchased 39,000 shares of company stock valued at $4,536,000 over the last ninety days. 0.48% of the stock is currently owned by company 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.