First Asset Canadian REIT Income Fund (TSE:RIT) Stock Crosses Above Fifty Day Moving Average – What’s Next?

Shares of First Asset Canadian REIT Income Fund (TSE:RIT) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$15.73 and traded as high as C$15.75. First Asset Canadian REIT Income Fund shares last traded at C$15.31, with a volume of 29,499 shares trading hands.

First Asset Canadian REIT Income Fund Stock Down 3.3 %

The stock has a market capitalization of C$433.70 million and a P/E ratio of -93.06. The company has a 50-day moving average price of C$15.73 and a two-hundred day moving average price of C$16.26.

First Asset Canadian REIT Income Fund Company Profile

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.