Dream Unlimited (TSE:DRM) Stock Price Crosses Below 200 Day Moving Average – Here’s What Happened

Dream Unlimited Corp. (TSE:DRM)’s stock price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$25.73 and traded as low as C$21.17. Dream Unlimited shares last traded at C$21.59, with a volume of 81,674 shares trading hands.

Dream Unlimited Stock Up 2.4 %

The company has a quick ratio of 0.67, a current ratio of 1.45 and a debt-to-equity ratio of 129.72. The company has a fifty day simple moving average of C$22.57 and a 200 day simple moving average of C$25.73. The firm has a market capitalization of C$873.53 million, a P/E ratio of -196.27 and a beta of 1.39.

Dream Unlimited (TSE:DRM) last announced its quarterly earnings data on Tuesday, November 12th. The company reported C($0.36) EPS for the quarter. Dream Unlimited had a negative net margin of 0.64% and a negative return on equity of 0.25%. On average, equities analysts expect that Dream Unlimited Corp. will post 1.9481391 EPS for the current fiscal year.

Dream Unlimited Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.15 per share. The ex-dividend date was Friday, December 13th. This represents a $0.60 annualized dividend and a yield of 2.78%. Dream Unlimited’s dividend payout ratio is -545.45%.

Insiders Place Their Bets

In other Dream Unlimited news, Director Jennifer Koss sold 40,038 shares of Dream Unlimited stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of C$25.51, for a total value of C$1,021,369.38. Corporate 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.