Canoe EIT Income Fund (OTCMKTS:ENDTF) Shares Cross Above 50-Day Moving Average - Should You Sell?

Shares of Canoe EIT Income Fund (OTCMKTS:ENDTF - Get Free Report) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$10.57 and traded as high as C$10.93. Canoe EIT Income Fund shares last traded at C$10.88, with a volume of 30,792 shares changing hands.

Canoe EIT Income Fund Stock Down 0.3 %

The firm's 50-day moving average price is C$10.57 and its 200 day moving average price is C$10.26. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 29.91. The company has a market capitalization of C$1.29 billion and a price-to-earnings ratio of 3.09.

Canoe EIT Income Fund Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, November 15th. Shareholders of record on Wednesday, October 23rd will be paid a dividend of $0.0737 per share. This represents a yield of 8.12%. The ex-dividend date of this dividend is Tuesday, October 22nd. Canoe EIT Income Fund's payout ratio is presently 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.