Income Financial Trust (TSE:INC.UN – Get Free Report)’s share price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$8.47 and traded as low as C$8.23. Income Financial Trust shares last traded at C$8.23, with a volume of 4,041 shares changing hands.
Income Financial Trust Trading Down 0.6 %
The firm has a market cap of C$27.57 million, a price-to-earnings ratio of 5.84 and a beta of 1.57. The stock’s 50 day moving average is C$8.62 and its 200 day moving average is C$8.47.
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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