First Asset Canadian REIT Income Fund (TSE:RIT) Stock Crosses Below 50-Day Moving Average – What’s Next?

First Asset Canadian REIT Income Fund (TSE:RIT) shares crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$16.89 and traded as low as C$16.53. First Asset Canadian REIT Income Fund shares last traded at C$16.61, with a volume of 17,005 shares trading hands.

First Asset Canadian REIT Income Fund Trading Up 0.5%

The business has a 50 day simple moving average of C$16.88 and a two-hundred day simple moving average of C$16.83. The company has a market cap of C$403.83 million, a PE ratio of 11.05 and a beta of 0.61.

About First Asset Canadian REIT Income Fund

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.