HomeFed (OTCMKTS:HOFD) Share Price Crosses Below 50-Day Moving Average – Here’s What Happened

HomeFed Co. (OTCMKTS:HOFD) shares passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $38.39 and traded as low as $37.9650. HomeFed shares last traded at $38.39, with a volume of 53,600 shares traded.

HomeFed Price Performance

The company’s 50-day simple moving average is $38.39 and its 200 day simple moving average is $38.39. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.31 and a current ratio of 2.31.

HomeFed Company Profile

HomeFed Corporation (OTCMKTS: HOFD) is a real estate development and investment company focused on land acquisition, entitlement, and the sale of finished residential and commercial lots. The company’s core operations include site planning, subdivision improvements, infrastructure development, and resale of fully entitled parcels to homebuilders and commercial developers. By managing projects from raw land through permitting and infrastructure completion, HomeFed aims to deliver ready-to-build lots that meet local regulatory requirements and market demand.

In addition to lot development, HomeFed maintains a land bank of strategic parcels in growth corridors, enabling flexibility in project timing and allowing the company to respond quickly to shifts in the housing and commercial real estate markets.