Income Financial Trust (TSE:INC.UN) Stock Price Down 1.1% – Here’s Why

Income Financial Trust (TSE:INC.UN)’s share price fell 1.1% during trading on Friday . The company traded as low as C$8.63 and last traded at C$8.64. 1,801 shares changed hands during trading, a decline of 32% from the average session volume of 2,658 shares. The stock had previously closed at C$8.74.

Income Financial Trust Trading Down 1.1 %

The firm’s fifty day moving average price is C$8.49 and its 200-day moving average price is C$7.97. The company has a market cap of C$28.94 million, a price-to-earnings ratio of 6.13 and a beta of 1.57.

About Income Financial Trust

Income Financial Trust is an open-ended equity mutual fund launched by Quadravest Inc The fund is managed by Quadravest Capital Management Inc It invests in the public equity markets of North America. The fund seeks to invest in stocks of companies operating in the financial services sector. It invests in stocks of companies that are included in the Toronto Stock Exchange Financial Services Index, the Standard & Poor’s Financials Index or the Standard & Poor’s MidCap Financials Index.