Income Financial Trust (TSE:INC.UN) Stock Price Passes Above Fifty Day Moving Average – Here’s Why
by Doug Wharley · The Cerbat GemIncome Financial Trust (TSE:INC.UN – Get Free Report) crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$9.46 and traded as high as C$9.61. Income Financial Trust shares last traded at C$9.61, with a volume of 512 shares trading hands.
Income Financial Trust Price Performance
The firm has a market capitalization of C$31.27 million, a PE ratio of 5.04 and a beta of 0.32. The firm has a fifty day moving average price of C$9.50 and a 200 day moving average price of C$9.45.
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).