First Asset Canadian REIT Income Fund (TSE:RIT) Stock Crosses Above 50-Day Moving Average - Time to Sell?

Key Points

• The stock price of First Asset Canadian REIT Income Fund (TSE:RIT) recently crossed above its 50-day moving average, with the last trade at C$16.97.
• First Asset Canadian REIT Income Fund has a market capitalization of C$480.72 million and a PE ratio of -103.15.
• The fund aims to provide high monthly cash distributions and capital appreciation through the management of a diversified portfolio of REITs and real estate corporations listed on Canadian exchanges.

First Asset Canadian REIT Income Fund (TSE:RIT - Get Free Report) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$16.83 and traded as high as C$17.03. First Asset Canadian REIT Income Fund shares last traded at C$16.97, with a volume of 7,403 shares trading hands.

First Asset Canadian REIT Income Fund Trading Up 0.8%

The firm has a market cap of C$484.69 million and a P/E ratio of -104.00. The company's 50-day moving average is C$16.84 and its two-hundred day moving average is C$16.19.

About First Asset Canadian REIT Income Fund

First Asset Canadian Reit Income Fund (the Fund), formerly First Asset REIT Income Fund, is a Canada-based investment trust. The Fund's investment objectives is to provide holders with the benefits of high monthly cash distributions together with the opportunity for capital appreciation through the active management of a diversified portfolio of real estate investment trusts (REITs) and real estate corporations that are listed on Canadian stock exchanges.