Sequoia Economic Infrastructure (LON:SEQI) Share Price Passes Above 50 Day Moving Average – Should You Sell?

Sequoia Economic Infrastructure Inc (LON:SEQI)’s stock price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 77.48 ($0.97) and traded as high as GBX 78.60 ($0.99). Sequoia Economic Infrastructure shares last traded at GBX 77.60 ($0.97), with a volume of 1,175,153 shares traded.

Sequoia Economic Infrastructure Trading Up 1.4 %

The stock has a 50 day simple moving average of GBX 77.50 and a 200-day simple moving average of GBX 78.93. The firm has a market cap of £1.32 billion and a P/E ratio of -7,870.00.

Sequoia Economic Infrastructure Announces Dividend

The firm also recently declared a dividend, which was paid on Friday, November 22nd. Stockholders of record on Thursday, October 24th were issued a GBX 1.72 ($0.02) dividend. The ex-dividend date of this dividend was Thursday, October 24th. This represents a dividend yield of 2.22%. Sequoia Economic Infrastructure’s dividend payout ratio is currently -70,000.00%.

Insider Transactions at Sequoia Economic Infrastructure

In related news, insider James Stewart purchased 25,243 shares of the company’s stock in a transaction dated Thursday, October 3rd. The stock was acquired at an average cost of GBX 79 ($0.99) per share, for a total transaction of £19,941.97 ($24,999.34). Insiders own 0.08% of the company’s stock.

Sequoia Economic Infrastructure Company Profile

Sequoia Economic Infrastructure Income Fund Limited invests in a diversified portfolio of senior and subordinated economic infrastructure debt investments through its subsidiary Sequoia IDF Asset Holdings SA The Company operates through investment in senior and subordinated infrastructure debt instruments and related and/or similar assets segment.