Canoe EIT Income Fund (OTCMKTS:ENDTF) Share Price Crosses Above Fifty Day Moving Average – Here’s Why

Canoe EIT Income Fund (OTCMKTS:ENDTF) passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$11.07 and traded as high as C$11.13. Canoe EIT Income Fund shares last traded at C$11.13, with a volume of 118 shares traded.

Canoe EIT Income Fund Stock Performance

The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 29.91. The business’s 50 day moving average is C$11.07 and its two-hundred day moving average is C$11.14. The company has a market cap of C$1.33 billion and a PE ratio of 3.16.

Canoe EIT Income Fund Cuts Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 23rd were issued a dividend of $0.0723 per share. This represents a yield of 772.0%. The ex-dividend date of this dividend was Monday, September 22nd. Canoe EIT Income Fund’s dividend payout ratio (DPR) is 17.05%.

Canoe EIT Income Fund Company Profile

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.