Canoe EIT Income Fund (OTCMKTS:ENDTF) Stock Crosses Above 50 Day Moving Average – Should You Sell?

Canoe EIT Income Fund (OTCMKTS:ENDTF)’s share price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$10.51 and traded as high as C$10.52. Canoe EIT Income Fund shares last traded at C$10.49, with a volume of 883 shares traded.

Canoe EIT Income Fund Stock Up 3.1 %

The firm has a 50-day moving average price of C$10.51 and a two-hundred day moving average price of C$10.72. The company has a debt-to-equity ratio of 29.91, a current ratio of 0.96 and a quick ratio of 0.96. The company has a market capitalization of C$1.25 billion and a price-to-earnings ratio of 2.98.

Canoe EIT Income Fund Cuts Dividend

The company also recently announced a dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 24th will be given a $0.0696 dividend. This represents a dividend yield of 7.87%. The ex-dividend date of this dividend is Friday, March 21st. Canoe EIT Income Fund’s payout ratio is 17.05%.

About Canoe EIT Income Fund

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.