United Development Funding IV (OTCMKTS:UDFI – Get Free Report) traded down 6% during mid-day trading on Thursday. The company traded as low as $1.29 and last traded at $1.40. Approximately 63,400 shares traded hands during trading, The stock had previously closed at $1.49.
United Development Funding IV Stock Down 6.0%
The business’s 50 day moving average is $1.40 and its 200 day moving average is $1.40.
About United Development Funding IV
United Development Funding IV is a Maryland-based real estate investment trust focused on providing financing for residential real estate development. The company primarily originates and acquires secured loans used to fund land acquisition, development and construction projects. Its investments have historically centered on single-family residential communities and related real estate projects, with a particular emphasis on growing markets in Texas, including the Dallas-Fort Worth area. United Development Funding IV may also take ownership interests in real estate or related assets when necessary to protect its investments.
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