Sequoia Economic Infrastructure (LON:SEQI) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

Sequoia Economic Infrastructure Inc (LON:SEQI) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 78.92 ($1.01) and traded as high as GBX 80.31 ($1.02). Sequoia Economic Infrastructure shares last traded at GBX 80.31 ($1.02), with a volume of 1,430,428 shares trading hands.

Sequoia Economic Infrastructure Stock Performance

The firm has a fifty day simple moving average of GBX 77.38 and a 200-day simple moving average of GBX 78.92. The company has a market capitalization of £1.35 billion and a PE ratio of -8,030.60.

Sequoia Economic Infrastructure Announces Dividend

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

Insider Transactions at Sequoia Economic Infrastructure

In other Sequoia Economic Infrastructure news, insider James Stewart bought 25,243 shares of the stock in a transaction on Thursday, October 3rd. The stock was purchased at an average price of GBX 79 ($1.01) per share, for a total transaction of £19,941.97 ($25,445.92). Corporate insiders own 0.08% of the company’s stock.

About Sequoia Economic Infrastructure

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.