Canoe EIT Income Fund (OTCMKTS:ENDTF) Stock Crosses Below 50-Day Moving Average – Time to Sell?

Canoe EIT Income Fund (OTCMKTS:ENDTF)’s stock price passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$11.06 and traded as low as C$10.97. Canoe EIT Income Fund shares last traded at C$10.97, with a volume of 88,680 shares changing hands.

Canoe EIT Income Fund Price Performance

The firm has a 50-day moving average of C$11.06 and a 200 day moving average of C$11.15. The company has a market capitalization of C$1.31 billion and a PE ratio of 3.12. The company has a debt-to-equity ratio of 29.91, a current ratio of 0.96 and a quick ratio of 0.96.

Canoe EIT Income Fund Cuts Dividend

The business also recently declared a dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 23rd were issued a dividend of $0.0723 per share. This represents a dividend yield of 772.0%. The ex-dividend date of this dividend was Monday, September 22nd. Canoe EIT Income Fund’s dividend payout ratio (DPR) is presently 17.05%.

About Canoe EIT Income Fund

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.