Premium Income (TSE:PIC.A) Stock Price Down 1.1% - Should You Sell?

Premium Income Corporation (TSE:PIC.A - Get Free Report)'s stock price dropped 1.1% during trading on Friday . The stock traded as low as C$6.82 and last traded at C$6.90. Approximately 138,392 shares were traded during trading, an increase of 201% from the average daily volume of 45,999 shares. The stock had previously closed at C$6.98.

Premium Income Trading Down 1.1%

The company has a 50 day simple moving average of C$5.94 and a 200 day simple moving average of C$5.68. The company has a debt-to-equity ratio of 562.70, a quick ratio of 1.45 and a current ratio of 1.18. The company has a market capitalization of C$133.72 million, a PE ratio of 0.00 and a beta of 1.20.

Premium Income Company Profile

to provide Class A shareholders with quarterly cash distributions equal to the amount, if any, by which the net realized capital gains, dividends and option premiums (other than option premiums in respect of options outstanding at year-end) earned on the Funds portfolio in any year, net of expenses and loss carry forwards, exceed the amount of the distributions paid on Class A shares upon windup of the Fund To accomplish its objectives, the Fund invests at least 75 percent of its net asset value (``NAV) in common shares of the Bank of Montreal, The Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada and The Toronto-Dominion Bank (collectively, the ``Banks) and may also invest up to 25 percent of its NAV in common shares of National Bank of Canada.

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