Sequoia Economic Infrastructure (LON:SEQI) Shares Pass Above 50-Day Moving Average – What’s Next?

Shares of Sequoia Economic Infrastructure Inc (LON:SEQI) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 77.53 ($0.98) and traded as high as GBX 81.10 ($1.02). Sequoia Economic Infrastructure shares last traded at GBX 79.50 ($1.00), with a volume of 883,309 shares traded.

Sequoia Economic Infrastructure Stock Down 0.4 %

The firm has a 50 day moving average of GBX 77.53 and a two-hundred day moving average of GBX 78.98. The firm has a market capitalization of £1.34 billion and a price-to-earnings ratio of -7,950.00.

Sequoia Economic Infrastructure Dividend Announcement

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

Insider Transactions at Sequoia Economic Infrastructure

In other Sequoia Economic Infrastructure news, insider James Stewart bought 25,243 shares of the business’s stock in a transaction that occurred on Thursday, October 3rd. The shares were acquired at an average cost of GBX 79 ($1.00) per share, for a total transaction of £19,941.97 ($25,169.72). Company 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.