Exchange Income (TSE:EIF) Stock Price Passes Above 200-Day Moving Average - Here's Why

Exchange Income Co. (TSE:EIF - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$53.49 and traded as high as C$54.00. Exchange Income shares last traded at C$53.84, with a volume of 78,578 shares.

Analyst Ratings Changes

EIF has been the subject of several recent analyst reports. Scotiabank dropped their target price on shares of Exchange Income from C$65.00 to C$64.00 in a research report on Friday, February 28th. Royal Bank of Canada lowered their price objective on shares of Exchange Income from C$71.00 to C$64.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 16th. Finally, Paradigm Capital set a C$69.00 target price on Exchange Income and gave the company a "buy" rating in a report on Thursday, January 30th. Seven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of C$68.22.

Exchange Income Trading Up 1.9 %

The company has a fifty day moving average price of C$49.97 and a 200-day moving average price of C$53.49. The firm has a market capitalization of C$2.69 billion, a price-to-earnings ratio of 21.09, a price-to-earnings-growth ratio of 1.42 and a beta of 2.04. The company has a current ratio of 1.76, a quick ratio of 1.13 and a debt-to-equity ratio of 173.72.

Insider Activity

In other news, Director Michael Pyle acquired 4,000 shares of the firm's stock in a transaction that occurred on Friday, February 28th. The stock was acquired at an average cost of C$50.26 per share, with a total value of C$201,052.00. Also, Director Brad Bennett bought 25,000 shares of the company's stock in a transaction that occurred on Thursday, March 13th. The stock was purchased at an average price of C$49.77 per share, for a total transaction of C$1,244,182.50. In the last 90 days, insiders have acquired 30,311 shares of company stock worth $1,510,455. 6.44% of the stock is owned by corporate insiders.

Exchange Income Company Profile

Exchange Income Corp is a diversified acquisition-oriented corporation focused on opportunities in two sectors, aerospace, aviation services and equipment, and manufacturing. The business plan of the corporation is to invest in profitable, well-established companies with strong cash flows operating in niche markets.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.