Canoe EIT Income Fund (OTCMKTS:ENDTF) Share Price Crosses Below 50 Day Moving Average – Should You Sell?

Canoe EIT Income Fund (OTCMKTS:ENDTF) shares crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$10.87 and traded as low as C$10.66. Canoe EIT Income Fund shares last traded at C$10.71, with a volume of 1,081 shares changing hands.

Canoe EIT Income Fund Stock Up 0.6 %

The company has a fifty day moving average price of C$10.87 and a 200-day moving average price of C$10.57. The stock has a market capitalization of C$1.28 billion and a P/E ratio of 3.04. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 29.91.

Canoe EIT Income Fund Cuts Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, January 15th. Investors of record on Monday, December 23rd will be paid a dividend of $0.0707 per share. This represents a yield of 7.78%. The ex-dividend date of this dividend is Friday, December 20th. Canoe EIT Income Fund’s payout ratio is 17.05%.

Canoe EIT Income Fund Company Profile

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.