Canoe EIT Income Fund (OTCMKTS:ENDTF) Stock Price Crosses Above Fifty Day Moving Average – Time to Sell?

by · The Markets Daily

Shares of Canoe EIT Income Fund (OTCMKTS:ENDTF – Get Free Report) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$10.57 and traded as high as C$10.93. Canoe EIT Income Fund shares last traded at C$10.88, with a volume of 30,792 shares trading hands.

Canoe EIT Income Fund Stock Performance

The company has a market cap of C$1.29 billion and a PE ratio of 3.08. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 29.91. The business’s 50 day moving average is C$10.58 and its two-hundred day moving average is C$10.26.

Canoe EIT Income Fund Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, November 15th. Stockholders of record on Wednesday, October 23rd will be given a $0.0737 dividend. The ex-dividend date of this dividend is Tuesday, October 22nd. This represents a dividend yield of 8.12%. Canoe EIT Income Fund’s payout ratio is 17.05%.

About Canoe EIT Income Fund

(Get Free Report)

Canoe EIT Income Fund is a closed-ended balanced fund launched and managed by Canoe Financial LP. It is co-managed by Haber Trilix Advisors, LP. The fund invests in the public equity and fixed income markets of Canada and the United States. Its equity portion seeks to invest in the stocks of companies operating across diversified sectors.

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