Economic Investment Trust (TSE:EVT) Trading 2.4% Higher - Still a Buy?

Key Points

• Traded up 2.4% — Economic Investment Trust (TSE:EVT) rose to C$23.30 on Wednesday with 2,160 shares traded, about 15% above its average session volume.
• Valuation and momentum: the stock has a market capitalization of C$130.95 million, a P/E of 0.45, a beta of 0.75, and 50- and 200-day moving averages of C$22.97 and C$22.25 respectively.
• Dividend paid: the company paid a quarterly dividend of $0.03 on March 31 (annualized $0.12), yielding roughly 0.5% with an ex-dividend date of March 13.

Economic Investment Trust Limited (TSE:EVT - ) traded up 2.4% during trading on Wednesday . The stock traded as high as C$23.30 and last traded at C$23.30. 2,160 shares were traded during trading, an increase of 15% from the average session volume of 1,884 shares. The stock had previously closed at C$22.75.

Economic Investment Trust Price Performance

The firm has a 50-day moving average of C$22.97 and a 200 day moving average of C$22.25. The stock has a market capitalization of C$130.95 million, a price-to-earnings ratio of 0.45 and a beta of 0.75.

Economic Investment Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 31st were given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Friday, March 13th.

About Economic Investment Trust

The objective of the Company is to earn an above-average rate of return, primarily through long-term capital appreciation and dividend income.

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