Exchange Income (TSE:EIF) Share Price Passes Above 200-Day Moving Average - Time to Sell?

Exchange Income Co. (TSE:EIF - Get Free Report)'s stock price passed 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 changing hands.

Analyst Ratings Changes

A number of brokerages recently commented on EIF. Royal Bank of Canada reduced their price objective on 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. Paradigm Capital set a C$69.00 price objective on Exchange Income and gave the stock a "buy" rating in a research report on Thursday, January 30th. Finally, Scotiabank cut their price target on shares of Exchange Income from C$65.00 to C$64.00 in a research note on Friday, February 28th. Seven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Exchange Income currently has an average rating of "Buy" and an average price target of C$68.22.

Exchange Income Stock Performance

The company has a market capitalization of C$2.71 billion, a price-to-earnings ratio of 21.30, a PEG ratio of 1.42 and a beta of 2.04. The company has a debt-to-equity ratio of 173.72, a current ratio of 1.76 and a quick ratio of 1.13. The stock has a 50 day simple moving average of C$50.15 and a two-hundred day simple moving average of C$53.47.

Insider Buying and Selling at Exchange Income

In other Exchange Income news, Director Edward Warkentin bought 1,011 shares of the company's stock in a transaction on Tuesday, March 4th. The shares were bought at an average price of C$49.54 per share, for a total transaction of C$50,087.97. Also, Director Brad Bennett purchased 25,000 shares of Exchange Income stock in a transaction dated Thursday, March 13th. The stock was acquired at an average cost of C$49.77 per share, with a total value of C$1,244,182.50. Over the last quarter, insiders bought 30,311 shares of company stock worth $1,510,455. 6.44% of the stock is owned by 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.