Canoe EIT Income Fund (OTCMKTS:ENDTF) Stock Price Passes Below 50-Day Moving Average - Time to Sell?

Key Points

• Canoe EIT Income Fund shares have dropped below their 50-day moving average, trading at C$11.10 compared to a 50-day average of C$11.32.
• The fund recently announced a dividend payout of $0.0731, yielding a remarkable 766.0% with a dividend payout ratio of 17.05%.
• Canoe EIT Income Fund has a market capitalization of C$1.33 billion and a PE ratio of 3.15, reflecting its current financial standing.

Shares of Canoe EIT Income Fund (OTCMKTS:ENDTF - ) crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$11.32 and traded as low as C$11.10. Canoe EIT Income Fund shares last traded at C$11.10, with a volume of 29,681 shares changing hands.

Canoe EIT Income Fund Stock Down 0.3%

The firm has a market cap of C$1.33 billion and a PE ratio of 3.15. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 29.91. The firm has a 50 day moving average price of C$11.32 and a 200-day moving average price of C$10.89.

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 given a $0.0731 dividend. This represents a dividend yield of 766.0%. The ex-dividend date of this dividend is Tuesday, July 22nd. Canoe EIT Income Fund's dividend payout ratio (DPR) is 17.05%.

Canoe EIT Income Fund Company Profile

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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