Economic Investment Trust (TSE:EVT) Trading Down 2.2% – Time to Sell?

Shares of Economic Investment Trust Limited (TSE:EVT) were down 2.2% during trading on Wednesday . The company traded as low as C$23.47 and last traded at C$23.47. 415 shares were traded during mid-day trading, a decline of 77% from the average daily volume of 1,784 shares. The stock had previously closed at C$24.00.

Economic Investment Trust Trading Down 2.2%

The stock has a market capitalization of C$131.90 million, a P/E ratio of 0.46 and a beta of 0.75. The company has a fifty day simple moving average of C$23.47 and a two-hundred day simple moving average of C$23.33.

Economic Investment Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 29th will be given a dividend of $0.03 per share. The ex-dividend date is Monday, September 14th. This represents a $0.12 annualized dividend and a dividend yield of 0.5%.

Economic Investment Trust Company Profile

The objective of the Company is to earn an above-average rate of return, primarily through long-term capital appreciation and dividend income.