Financial 15 Split (TSE:FTN) Stock Price Passes Above 50 Day Moving Average - Time to Sell?

Key Points

• Shares crossed above the 50-day moving average, trading at C$10.97 versus a 50-day MA of C$10.21 and a 200-day MA of C$10.68 on volume of 139,276, a short-term bullish technical signal.
• The company pays a monthly dividend (paid Apr 10) of $0.1257, implying a high annualized yield of 13.8% with a payout ratio around 44.9%.
• Valuation and balance-sheet cues are mixed: a low P/E of 3.86 suggests cheapness, but a very high debt-to-equity ratio (88.68) and a low current ratio (0.21) point to elevated leverage and liquidity risk.

Shares of Financial 15 Split Corp. (TSE:FTN - ) crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$10.21 and traded as high as C$10.97. Financial 15 Split shares last traded at C$10.97, with a volume of 139,276 shares changing hands.

Financial 15 Split Stock Performance

The firm has a 50-day moving average of C$10.21 and a two-hundred day moving average of C$10.68. The company has a quick ratio of 1.91, a current ratio of 0.21 and a debt-to-equity ratio of 88.68. The company has a market capitalization of C$812.41 million, a PE ratio of 3.86 and a beta of 1.76.

Financial 15 Split Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, April 10th. Stockholders of record on Friday, April 10th were paid a dividend of $0.1257 per share. This represents a c) annualized dividend and a dividend yield of 13.8%. The ex-dividend date of this dividend was Tuesday, March 31st. Financial 15 Split's dividend payout ratio is presently 44.91%.

About Financial 15 Split

The Companys investment objectives with respect to the Class A Shares are (a) to provide holders of Class A Shares with regular monthly cash distributions, in an amount to be determined by the Board of Directors; and (b) to permit such holders to participate in all growth in the Net Asset Value (as defined herein) of the Company above $10.00 per Unit (as defined herein), by paying such holders, on or about the Termination Date (as defined herein), such amounts as remain in the Company on the Termination Date after paying the Preferred Share Repayment Amount (as defined herein) to the holders of the Preferred Shares.

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