First Asset Canadian REIT Income Fund (TSE:RIT) Share Price Crosses Below Fifty Day Moving Average – Time to Sell?

First Asset Canadian REIT Income Fund (TSE:RIT) shares passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$15.61 and traded as low as C$15.56. First Asset Canadian REIT Income Fund shares last traded at C$15.67, with a volume of 23,243 shares changing hands.

First Asset Canadian REIT Income Fund Stock Performance

The company has a market cap of C$443.89 million and a price-to-earnings ratio of -95.25. The business has a fifty day moving average price of C$15.61 and a 200 day moving average price of C$16.45.

First Asset Canadian REIT Income Fund Company Profile

First Asset Canadian Reit Income Fund (the Fund), formerly First Asset REIT Income Fund, is a Canada-based investment trust. The Fund’s investment objectives is to provide holders with the benefits of high monthly cash distributions together with the opportunity for capital appreciation through the active management of a diversified portfolio of real estate investment trusts (REITs) and real estate corporations that are listed on Canadian stock exchanges.