First Asset Canadian REIT Income Fund (TSE:RIT) Stock Price Crosses Above Fifty Day Moving Average – Here’s Why

First Asset Canadian REIT Income Fund (TSE:RIT)’s stock price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$15.59 and traded as high as C$15.72. First Asset Canadian REIT Income Fund shares last traded at C$15.64, with a volume of 15,186 shares changing hands.

First Asset Canadian REIT Income Fund Stock Down 0.7 %

The firm has a fifty day simple moving average of C$15.59 and a 200-day simple moving average of C$16.49. The company has a market capitalization of C$443.04 million and a P/E ratio of -95.07.

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.