Shares of United Development Funding IV (OTCMKTS:UDFI – Get Free Report) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $1.40 and traded as low as $1.29. United Development Funding IV shares last traded at $1.40, with a volume of 63,400 shares changing hands.
United Development Funding IV Price Performance
The firm has a 50-day simple moving average of $1.40 and a 200-day simple moving average of $1.40.
About United Development Funding IV
United Development Funding IV invests in secured loans for the acquisition and development of land into single-family home lots, and the construction of model and new single-family homes. It also makes equity investments in residential real estate. The company has elected to be taxed as a real estate investment trust.
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