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Canoe EIT Income Fund (OTCMKTS:ENDTF) Stock Passes Above Fifty Day Moving Average - Should You Sell?

Canoe EIT Income Fund logo with Finance background
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Canoe EIT Income Fund (OTCMKTS:ENDTF - Get Free Report)'s stock price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty 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 changing hands.

Canoe EIT Income Fund Price Performance

The business has a fifty day moving average of C$10.61 and a 200 day moving average of C$10.75. The firm has a market cap of C$1.27 billion and a P/E ratio of 3.01. 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 announced a dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 24th will be paid 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 dividend payout ratio is currently 17.05%.

About Canoe EIT Income Fund

(Get Free Report)

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.

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