Shares of Income Financial Trust (TSE:INC.UN – Get Free Report) crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$8.76 and traded as low as C$8.36. Income Financial Trust shares last traded at C$8.96, with a volume of 8,232 shares trading hands.
Income Financial Trust Stock Down 0.4%
The firm’s 50 day simple moving average is C$8.76 and its two-hundred day simple moving average is C$8.40. The stock has a market cap of C$30.09 million, a P/E ratio of 6.35 and a beta of 1.19.
About Income Financial Trust
To generate additional returns above the dividend and interest income earned on the Portfolio, Income Financial writes covered calls on all or part of the securities held in the Portfolio. The net proceeds from this offering will be used by Income Financial to invest in a diversified portfolio (the Portfolio) consisting principally of common shares issued by corporations whose shares are included in The Toronto Stock Exchange Financial Services Index (the TSE Financial Services Index), the Standard Poors Financials Index (the SP Financials Index) or the Standard Poors MidCap Financials Index (the SP MidCap Financials Index).
Further Reading
- Five stocks we like better than Income Financial Trust
- How Can Investors Benefit From After-Hours Trading
- FICO’s Big Dip Could Be the Best Buying Chance of the Year
- Natural Gas Prices Continue To Rally, These Stocks Should Benefit
- D-Wave: Reevaluating the Short Seller’s Case After the Downgrade
- 3 Grocery Stocks That Can Help Take a Bite Out of Inflation
- Datavault: A Speculative AI Play, But Beware of Volatility
Receive News & Ratings for Income Financial Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Income Financial Trust and related companies with MarketBeat.com's FREE daily email newsletter.
