Canoe EIT Income Fund (OTCMKTS:ENDTF) Shares Pass Below 50 Day Moving Average – Here’s Why

Canoe EIT Income Fund (OTCMKTS:ENDTF) shares passed 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.

Canoe EIT Income Fund Price Performance

The company has a market capitalization of C$1.29 billion and a P/E ratio of 3.07. The company has a debt-to-equity ratio of 29.91, a current ratio of 0.96 and a quick ratio of 0.96. The firm’s 50-day moving average is C$10.82 and its 200-day moving average is C$10.62.

Canoe EIT Income Fund Cuts Dividend

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