Canoe EIT Income Fund (OTCMKTS:ENDTF) Stock Passes Below 50-Day Moving Average – Here’s What Happened

Canoe EIT Income Fund (OTCMKTS:ENDTF) shares crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$10.83 and traded as low as C$10.78. Canoe EIT Income Fund shares last traded at C$10.79, with a volume of 4,984 shares changing hands.

Canoe EIT Income Fund Trading Up 0.0 %

The stock has a market cap of C$1.29 billion and a PE ratio of 3.07. The stock has a 50-day moving average price of C$10.82 and a two-hundred day moving average price of C$10.62. The company has a debt-to-equity ratio of 29.91, a current ratio of 0.96 and a quick ratio of 0.96.

Canoe EIT Income Fund Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, February 14th. Stockholders of record on Thursday, January 23rd will be given a dividend of $0.0696 per share. The ex-dividend date of this dividend is Wednesday, January 22nd. This represents a dividend yield of 7.82%. Canoe EIT Income Fund’s dividend payout ratio is currently 17.05%.

About Canoe EIT Income Fund

Canoe EIT Income Fund is a closed-ended balanced fund launched and managed by Canoe Financial LP. It is co-managed by Haber Trilix Advisors, LP. The fund invests in the public equity and fixed income markets of Canada and the United States. Its equity portion seeks to invest in the stocks of companies operating across diversified sectors.