Canoe EIT Income Fund (OTCMKTS:ENDTF) Share Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

Canoe EIT Income Fund (OTCMKTS:ENDTF) shares crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$10.53 and traded as low as C$10.48. Canoe EIT Income Fund shares last traded at C$10.48, with a volume of 1,000 shares changing hands.

Canoe EIT Income Fund Stock Up 0.7 %

The company has a market capitalization of C$1.25 billion and a P/E ratio of 2.98. 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 stock has a 50 day moving average price of C$10.96 and a 200 day moving average price of C$10.53.

Canoe EIT Income Fund Cuts Dividend

The company also recently announced a dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Monday, December 23rd will be given a $0.0707 dividend. The ex-dividend date of this dividend is Friday, December 20th. This represents a yield of 7.78%. Canoe EIT Income Fund’s dividend payout ratio is presently 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.