Income Financial Trust (TSE:INC.UN) Stock Price Crosses Below 50-Day Moving Average – Time to Sell?

Income Financial Trust (TSE:INC.UN)’s share price crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$9.66 and traded as low as C$8.51. Income Financial Trust shares last traded at C$9.19, with a volume of 8,009 shares traded.

Income Financial Trust Price Performance

The stock’s 50 day moving average is C$9.66 and its two-hundred day moving average is C$9.25. The stock has a market capitalization of C$30.86 million, a PE ratio of 4.01 and a beta of 0.32.

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).