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

Dream Unlimited Corp. (TSE:DRM)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$20.06 and traded as low as C$18.30. Dream Unlimited shares last traded at C$18.45, with a volume of 27,044 shares changing hands.

Dream Unlimited Price Performance

The company has a 50 day moving average of C$19.60 and a 200 day moving average of C$20.06. The stock has a market capitalization of C$778.18 million, a price-to-earnings ratio of 10.14 and a beta of 1.48. The company has a quick ratio of 0.67, a current ratio of 5.58 and a debt-to-equity ratio of 135.03.

Dream Unlimited Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 30th were issued a dividend of $0.1625 per share. This represents a $0.65 annualized dividend and a dividend yield of 3.5%. The ex-dividend date was Monday, September 15th. Dream Unlimited’s dividend payout ratio is presently 34.34%.

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.