Shares of United Development Funding IV (OTCMKTS:UDFI – Get Free Report) crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $1.40 and traded as high as $1.55. United Development Funding IV shares last traded at $1.40, with a volume of 63,400 shares traded.
United Development Funding IV Stock Down 6.0%
The business has a 50 day simple moving average of $1.40 and a 200 day simple moving average of $1.40.
United Development Funding IV Company Profile
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. As a result, it would not be subject to corporate income tax on that portion of its net income that is distributed to shareholders. United Development Funding IV was founded in 2008 and is headquartered in Grapevine, Texas.
Recommended Stories
- Five stocks we like better than United Development Funding IV
- Could Truth API Become Trump Media’s First Meaningful Revenue Driver?
- Small Caps Are Crushing the S&P 500—3 Stocks Still Worth Buying
- Moog Is More Than a Missile Maker, and Wall Street Is Noticing
- A Boring Dividend Growth Strategy Becomes a Solid Defensive Play
Receive News & Ratings for United Development Funding IV Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Development Funding IV and related companies with MarketBeat.com's FREE daily email newsletter.
