Canoe EIT Income Fund (OTCMKTS:ENDTF) Stock Price Passes Below 200 Day Moving Average – What’s Next?

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

Canoe EIT Income Fund Stock Performance

The company’s 50-day simple moving average is C$10.97 and its 200-day simple moving average is C$10.53. The stock has a market capitalization of C$1.25 billion and a price-to-earnings 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.

Canoe EIT Income Fund Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, January 15th. Investors of record on Monday, December 23rd will be issued 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 payout ratio is 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.