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

Canoe EIT Income Fund (OTCMKTS:ENDTF)’s stock price passed below its fifty day moving average during trading on Friday . The stock has a fifty 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 trading hands.

Canoe EIT Income Fund Stock Performance

The company has a debt-to-equity ratio of 29.91, a current ratio of 0.96 and a quick ratio of 0.96. The stock has a 50-day moving average price of C$10.87 and a 200-day moving average price of C$10.56. The company has a market capitalization of C$1.28 billion and a price-to-earnings ratio of 3.04.

Canoe EIT Income Fund Cuts Dividend

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