Dream Unlimited (TSE:DRM) Stock Price Passes Below 200 Day Moving Average – Time to Sell?

Dream Unlimited Corp. (TSE:DRM)’s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$24.66 and traded as low as C$19.03. Dream Unlimited shares last traded at C$19.11, with a volume of 51,082 shares.

Dream Unlimited Price Performance

The company has a current ratio of 5.58, a quick ratio of 0.67 and a debt-to-equity ratio of 135.03. The firm’s 50-day moving average price is C$20.91 and its 200-day moving average price is C$24.62. The stock has a market capitalization of C$738.27 million, a PE ratio of -33.93 and a beta of 1.39.

Dream Unlimited Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 31st were given a dividend of $0.1625 per share. The ex-dividend date was Friday, March 14th. This is an increase from Dream Unlimited’s previous quarterly dividend of $0.15. This represents a $0.65 dividend on an annualized basis and a yield of 3.58%. Dream Unlimited’s dividend payout ratio is -112.10%.

Insider Transactions at Dream Unlimited

In other news, Director Jane Gavan sold 8,355 shares of the stock in a transaction on Friday, March 14th. The shares were sold at an average price of C$19.84, for a total value of C$165,763.20. Company insiders own 47.16% of the company’s stock.

About Dream Unlimited

DREAM Unlimited Corp is a real estate company. The company’s divisions include Asset management; Stabilized income generating assets; Urban development – Toronto and Ottawa and Western Canada community development. It generates maximum revenue from the Asset Management segment. Its segments are Recurring income and Development.