Dream Unlimited (TSE:DRM) Shares Pass Below Two Hundred Day Moving Average – Time to Sell?

Dream Unlimited Corp. (TSE:DRM)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-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.

Dream Unlimited Stock Performance

The business’s fifty day moving average is C$22.57 and its 200-day moving average is C$25.73. 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 market cap of C$873.53 million, a PE ratio of -196.27 and a beta of 1.39.

Dream Unlimited (TSE:DRM) last issued its quarterly earnings results on Tuesday, November 12th. The company reported C($0.36) earnings per share for the quarter. Dream Unlimited had a negative return on equity of 0.25% and a negative net margin of 0.64%. As a group, research analysts predict that Dream Unlimited Corp. will post 1.9481391 EPS for the current fiscal year.

Dream Unlimited Announces Dividend

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

Insiders Place Their Bets

In related news, Director Jennifer Koss sold 40,038 shares of the company’s stock in a transaction 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. 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.