Dream Unlimited (TSE:DRM) Shares Cross Below Two Hundred Day Moving Average – What’s Next?

Dream Unlimited Corp. (TSE:DRM) shares passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$20.20 and traded as low as C$19.96. Dream Unlimited shares last traded at C$19.97, with a volume of 29,794 shares.

Wall Street Analysts Forecast Growth

Separately, TD Securities decreased their target price on shares of Dream Unlimited from C$28.00 to C$27.00 and set a “buy” rating on the stock in a research note on Thursday, May 22nd.

Dream Unlimited Price Performance

The stock’s fifty day moving average price is C$18.89 and its 200-day moving average price is C$20.20. The firm has a market cap of C$811.85 million, a price-to-earnings ratio of -37.31 and a beta of 1.39. The company has a current ratio of 5.58, a quick ratio of 0.67 and a debt-to-equity ratio of 135.03.

Insider Transactions at Dream Unlimited

In other news, Director Jennifer Koss sold 3,076 shares of the firm’s stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of C$18.64, for a total transaction of C$57,336.64. Insiders own 47.16% of the company’s stock.

Dream Unlimited Company Profile

DREAM Unlimited Corp is a real estate company. The company’s divisions include Asset management; Stabilized income generating assets; Urban development – Toronto and Ottawa and Western Canada community development. It generates maximum revenue from the Asset Management segment. Its segments are Recurring income and Development.