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Canoe EIT Income Fund (OTCMKTS:ENDTF) Stock Passes Above 50 Day Moving Average - Here's Why

Canoe EIT Income Fund logo with Finance background

Canoe EIT Income Fund (OTCMKTS:ENDTF - Get Free Report)'s stock price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$11.31 and traded as high as C$11.41. Canoe EIT Income Fund shares last traded at C$11.29, with a volume of 692 shares changing hands.

Canoe EIT Income Fund Stock Performance

The stock has a market cap of C$1.35 billion and a PE ratio of 3.22. The company's 50-day moving average price is C$11.32 and its 200 day moving average price is C$10.87. The company has a debt-to-equity ratio of 29.91, a quick ratio of 0.96 and a current ratio of 0.96.

Canoe EIT Income Fund Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, August 15th. Investors of record on Wednesday, July 23rd will be issued a $0.0731 dividend. The ex-dividend date is Tuesday, July 22nd. This represents a yield of 7.66%. Canoe EIT Income Fund's dividend payout ratio (DPR) is presently 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.

Further Reading

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