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

Shares of Canoe EIT Income Fund (OTCMKTS:ENDTF) passed 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.

Canoe EIT Income Fund Trading Down 1.2 %

The business’s 50-day simple moving average is C$10.57 and its 200-day simple moving average is C$10.26. The company has a market cap of C$1.30 billion and a PE ratio of 3.09. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 29.91.

Canoe EIT Income Fund Cuts Dividend

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