Canoe EIT Income Fund (OTCMKTS:ENDTF) Shares Cross Above Fifty Day Moving Average – What’s Next?

Canoe EIT Income Fund (OTCMKTS:ENDTF)’s share price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$10.57 and traded as high as C$10.93. Canoe EIT Income Fund shares last traded at C$10.88, with a volume of 30,792 shares changing hands.

Canoe EIT Income Fund Price Performance

The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 29.91. The firm’s fifty day moving average price is C$10.58 and its 200 day moving average price is C$10.26. The stock has a market cap of C$1.29 billion and a PE ratio of 3.08.

Canoe EIT Income Fund Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, November 15th. Shareholders of record on Wednesday, October 23rd will be paid a $0.0737 dividend. This represents a yield of 8.12%. The ex-dividend date of this dividend is Tuesday, October 22nd. Canoe EIT Income Fund’s 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.