Income Financial Trust (TSE:INC.UN) Stock Price Crosses Below 50-Day Moving Average – Here’s What Happened

Income Financial Trust (TSE:INC.UN) passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$9.14 and traded as low as C$9.13. Income Financial Trust shares last traded at C$9.22, with a volume of 14,700 shares.

Income Financial Trust Stock Performance

The firm’s 50-day moving average price is C$9.14 and its two-hundred day moving average price is C$8.82. The stock has a market cap of C$30.96 million, a price-to-earnings ratio of 4.03 and a beta of 0.14.

Income Financial Trust Company Profile

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).