Canoe EIT Income Fund (OTCMKTS:ENDTF) Stock Crosses Below 50 Day Moving Average – Here’s What Happened

Shares of Canoe EIT Income Fund (OTCMKTS:ENDTFGet Free Report) passed 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 Stock Up 0.6 %

The company has a debt-to-equity ratio of 29.91, a quick ratio of 0.96 and a current ratio of 0.96. The company’s fifty day moving average price is C$10.87 and its 200-day moving average price is C$10.57. The stock has a market cap of C$1.28 billion and a P/E 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. Investors of record on Monday, December 23rd will be paid a dividend of $0.0707 per share. This represents a dividend yield of 7.78%. The ex-dividend date is Friday, December 20th. 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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