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

Canoe EIT Income Fund (OTCMKTS:ENDTF)’s share price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$10.51 and traded as high as C$10.52. Canoe EIT Income Fund shares last traded at C$10.49, with a volume of 883 shares traded.

Canoe EIT Income Fund Trading Up 3.1 %

The stock has a market cap of C$1.25 billion and a P/E ratio of 2.98. The firm’s fifty day moving average price is C$10.51 and its two-hundred day moving average price is C$10.72. 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 firm also recently announced a dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 24th will be paid a $0.0696 dividend. The ex-dividend date is Friday, March 21st. This represents a yield of 7.87%. 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.