Economic Investment Trust (TSE:EVT) Stock Price Down 0.2% - Time to Sell?

Key Points

• Economic Investment Trust Limited (TSE:EVT) saw a 0.2% decline in its stock price, trading at C$20.25 with a total share volume of 3,200, significantly lower than the average of 4,839 shares.
• The company has a market capitalization of C$113.81 million and a low price-to-earnings ratio of 0.39.
• A quarterly dividend of $0.03 will be paid on September 29th, representing an annualized dividend of $0.12 and a yield of 0.6%.

Shares of Economic Investment Trust Limited (TSE:EVT - ) traded down 0.2% during trading on Wednesday . The stock traded as low as C$20.25 and last traded at C$20.25. 3,200 shares changed hands during mid-day trading, a decline of 34% from the average session volume of 4,839 shares. The stock had previously closed at C$20.30.

Economic Investment Trust Price Performance

The company has a market cap of C$113.81 million, a price-to-earnings ratio of 0.39 and a beta of 0.75. The business has a 50 day simple moving average of C$19.63 and a 200 day simple moving average of C$79.04.

Economic Investment Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Monday, September 29th will be paid a $0.03 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $0.12 dividend on an annualized basis and a yield of 0.6%.

About Economic Investment Trust

Economic Investment Trust Limited is a closed-ended equity mutual fund launched and managed by Burgundy Asset Management Ltd. The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating across diversified sectors. The fund benchmarks the performance of its portfolio against the S&P/TSX Composite Index, MSCI World Index, and S&P 500 Index.

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