Canoe EIT Income Fund (OTCMKTS:ENDTF) Stock Price Crosses Above 50-Day Moving Average – What’s Next?

Canoe EIT Income Fund (OTCMKTS:ENDTF)’s stock price crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$10.61 and traded as high as C$10.72. Canoe EIT Income Fund shares last traded at C$10.72, with a volume of 466 shares trading hands.

Canoe EIT Income Fund Stock Up 1.3 %

The company has a debt-to-equity ratio of 29.91, a quick ratio of 0.96 and a current ratio of 0.96. The company has a market capitalization of C$1.28 billion and a PE ratio of 3.05. The company’s fifty day moving average is C$10.61 and its 200-day moving average is C$10.75.

Canoe EIT Income Fund Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 24th will be given a dividend of $0.0696 per share. The ex-dividend date of this dividend is Friday, March 21st. This represents a dividend yield of 7.87%. 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.