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First Asset Canadian REIT Income Fund (TSE:RIT) Shares Pass Below 50 Day Moving Average - Time to Sell?

First Asset Canadian REIT Income Fund logo with background

Shares of First Asset Canadian REIT Income Fund (TSE:RIT - Get Free Report) crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$15.62 and traded as low as C$15.03. First Asset Canadian REIT Income Fund shares last traded at C$15.19, with a volume of 16,757 shares changing hands.

First Asset Canadian REIT Income Fund Price Performance

The firm's fifty day simple moving average is C$15.61 and its 200 day simple moving average is C$16.04. The company has a market capitalization of C$436.81 million and a price-to-earnings ratio of -93.73.

About First Asset Canadian REIT Income Fund

(Get Free Report)

First Asset Canadian Reit Income Fund (the Fund), formerly First Asset REIT Income Fund, is a Canada-based investment trust. The Fund's investment objectives is to provide holders with the benefits of high monthly cash distributions together with the opportunity for capital appreciation through the active management of a diversified portfolio of real estate investment trusts (REITs) and real estate corporations that are listed on Canadian stock exchanges.

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