Income Financial Trust (TSE:INC.UN – Get Free Report)’s share price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$9.29 and traded as high as C$9.62. Income Financial Trust shares last traded at C$9.62, with a volume of 452 shares traded.
Income Financial Trust Stock Down 0.1%
The business has a 50-day moving average price of C$9.28 and a 200-day moving average price of C$9.38. The company has a market capitalization of C$32.27 million, a price-to-earnings ratio of 4.20 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).
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