Shares of United Development Funding IV (OTCMKTS:UDFI – Get Free Report) crossed above its 50-day moving average during trading on Friday. 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 changing hands.
United Development Funding IV Stock Down 6.0%
The company’s 50 day simple moving average is $1.40 and its 200-day simple moving average is $1.40.
United Development Funding IV Company Profile
United Development Funding IV is a real estate investment trust focused on residential real estate development and related investments. The company primarily seeks opportunities involving land acquisition, development and construction, with an emphasis on projects intended for single-family housing and other residential uses.
Through loans and other real estate investments, United Development Funding IV provides capital to developers and participates in the financing of residential communities.
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