Sequoia Economic Infrastructure (LON:SEQI) Shares Cross Below Two Hundred Day Moving Average – Here’s Why

Sequoia Economic Infrastructure Inc (LON:SEQI)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 78.30 ($0.98) and traded as low as GBX 77.50 ($0.97). Sequoia Economic Infrastructure shares last traded at GBX 77.80 ($0.98), with a volume of 2,228,633 shares.

Sequoia Economic Infrastructure Stock Down 0.3 %

The stock has a market cap of £1.22 billion and a price-to-earnings ratio of -7,780.00. The stock’s 50 day moving average price is GBX 77.83 and its two-hundred day moving average price is GBX 78.30.

Sequoia Economic Infrastructure (LON:SEQI) last released its quarterly earnings data on Thursday, December 5th. The company reported GBX 4.26 ($0.05) earnings per share for the quarter.

Sequoia Economic Infrastructure Dividend Announcement

The company also recently declared a dividend, which was paid on Friday, February 28th. Investors of record on Thursday, January 30th were given a dividend of GBX 1.72 ($0.02) per share. The ex-dividend date was Thursday, January 30th. This represents a yield of 2.18%. Sequoia Economic Infrastructure’s dividend payout ratio is presently -70,000.00%.

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.