Premium Income (TSE:PIC.A) Stock Price Down 0.8% – Time to Sell?

Shares of Premium Income Corporation (TSE:PIC.A) fell 0.8% on Tuesday . The stock traded as low as C$9.53 and last traded at C$9.76. Approximately 29,089 shares were traded during mid-day trading, a decline of 55% from the average session volume of 64,888 shares. The stock had previously closed at C$9.84.

Premium Income Stock Down 0.8%

The company has a current ratio of 1.18, a quick ratio of 1.45 and a debt-to-equity ratio of 562.70. The business has a 50-day moving average price of C$10.42 and a 200-day moving average price of C$10.13. The firm has a market cap of C$204.49 million, a P/E ratio of 1.43 and a beta of 1.09.

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.