Income Financial Trust (TSE:INC.UN – Get Free Report) shares reached a new 52-week low on Monday . The stock traded as low as C$6.78 and last traded at C$7.64, with a volume of 8298 shares. The stock had previously closed at C$7.30.
Income Financial Trust Stock Up 4.7 %
The stock has a market capitalization of C$25.59 million, a P/E ratio of 5.42 and a beta of 1.57. The business’s 50 day simple moving average is C$8.46 and its two-hundred day simple moving average is C$8.48.
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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