Income Financial Trust (TSE:INC.UN – Get Free Report) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$8.48 and traded as low as C$7.99. Income Financial Trust shares last traded at C$7.99, with a volume of 4,035 shares traded.
Income Financial Trust Trading Down 8.6 %
The stock’s 50 day moving average price is C$8.49 and its two-hundred day moving average price is C$8.47. The firm has a market capitalization of C$24.46 million, a price-to-earnings ratio of 5.18 and a beta of 1.57.
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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