Sachem Capital Corp. 7.125% Not (OTCMKTS:SCCB – Get Free Report) passed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $24.98 and traded as low as $24.98. Sachem Capital Corp. 7.125% Not shares last traded at $24.98, with a volume of 400 shares trading hands.
Sachem Capital Corp. 7.125% Not Stock Performance
The company has a 50-day simple moving average of $24.98 and a 200-day simple moving average of $24.98.
About Sachem Capital Corp. 7.125% Not
Sachem Capital Corp. is a real estate finance company organized as a real estate investment trust. Through its lending platform, the company originates, underwrites and funds short-term loans secured primarily by first mortgages on residential and commercial real estate.
Sachem generally serves real estate investors, developers and other borrowers seeking financing for property acquisitions, renovations, construction and related purposes. Its lending activities have historically focused on properties in the Northeastern United States, including Connecticut, New York and New Jersey, although its geographic reach may vary over time.
Sachem Capital Corp.
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