Income Financial Trust (TSE:INC.UN) Share Price Passes Above 50-Day Moving Average – Should You Sell?

Income Financial Trust (TSE:INC.UN) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$8.04 and traded as high as C$8.49. Income Financial Trust shares last traded at C$8.49, with a volume of 3,193 shares.

Income Financial Trust Stock Performance

The firm has a market cap of C$28.44 million, a P/E ratio of 6.02 and a beta of 1.57. The company’s 50 day moving average is C$8.04 and its 200 day moving average is C$7.75.

Income Financial Trust Company Profile

Income Financial Trust is an open-ended equity mutual fund launched by Quadravest Inc The fund is managed by Quadravest Capital Management Inc It invests in the public equity markets of North America. The fund seeks to invest in stocks of companies operating in the financial services sector. It invests in stocks of companies that are included in the Toronto Stock Exchange Financial Services Index, the Standard & Poor’s Financials Index or the Standard & Poor’s MidCap Financials Index.