First Asset Canadian REIT Income Fund (TSE:RIT) Stock Passes Above 50-Day Moving Average – Here’s What Happened

First Asset Canadian REIT Income Fund (TSE:RIT) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$15.73 and traded as high as C$15.75. First Asset Canadian REIT Income Fund shares last traded at C$15.31, with a volume of 29,499 shares trading hands.

First Asset Canadian REIT Income Fund Stock Performance

The stock’s 50 day simple moving average is C$15.73 and its 200 day simple moving average is C$16.27. The firm has a market cap of C$433.70 million and a P/E ratio of -93.06.

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.