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Canoe EIT Income Fund (OTCMKTS:ENDTF) Share Price Passes Below Fifty Day Moving Average - Here's Why

Canoe EIT Income Fund logo with Finance background

Shares of Canoe EIT Income Fund (OTCMKTS:ENDTF - Get Free Report) crossed below its 50 day moving average during trading on Friday . The stock has a 50 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 Trading Up 0.6 %

The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 29.91. The stock's 50 day moving average is C$10.87 and its two-hundred day moving average is C$10.57. The company has a market capitalization of C$1.28 billion and a PE 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. Stockholders of record on Monday, December 23rd will be given a $0.0707 dividend. The ex-dividend date of this dividend is Friday, December 20th. This represents a dividend yield of 7.78%. Canoe EIT Income Fund's payout ratio is presently 17.05%.

Canoe EIT Income Fund Company Profile

(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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