Exchange Income (TSE:EIF) Shares Pass Above 200-Day Moving Average - What's Next?

Exchange Income Co. (TSE:EIF - Get Free Report) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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 traded.

Analyst Ratings Changes

Several research firms have issued reports on EIF. Paradigm Capital set a C$69.00 price target on shares of Exchange Income and gave the stock a "buy" rating in a research report on Thursday, January 30th. Royal Bank of Canada dropped 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 note on Wednesday, April 16th. Finally, Scotiabank decreased their target price on Exchange Income from C$65.00 to C$64.00 in a report on Friday, February 28th. Seven analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Exchange Income presently has an average rating of "Buy" and an average target price of C$68.22.

Exchange Income Stock Performance

The stock has a 50 day simple moving average of C$50.25 and a 200 day simple moving average of C$53.45. The company has a current ratio of 1.76, a quick ratio of 1.13 and a debt-to-equity ratio of 173.72. The stock has a market cap of C$2.85 billion, a P/E ratio of 22.40, a price-to-earnings-growth ratio of 1.42 and a beta of 2.04.

Insiders Place Their Bets

In related news, Director Edward Warkentin purchased 1,011 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The shares were bought at an average cost of C$49.54 per share, with a total value of C$50,087.97. Also, Director Michael Pyle acquired 4,000 shares of Exchange Income stock in a transaction that occurred on Friday, February 28th. The shares were purchased at an average price of C$50.26 per share, for a total transaction of C$201,052.00. Insiders have purchased a total of 30,311 shares of company stock worth $1,510,455 in the last 90 days. Company insiders own 6.44% of the company's stock.

About Exchange Income

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.