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Canoe EIT Income Fund is currently in a long term uptrend where the price is trading 15.8% above its 200 day moving average.
From a valuation standpoint, the stock is 37.6% cheaper than other stocks from the Financial Services sector with a price to sales ratio of 17.1.
Finally, its free cash flow grew by 96.4% to $-2M since the same quarter in the previous year.
Based on the above factors, Canoe EIT Income Fund gets an overall score of 3/5.
| Sector | |
|---|---|
| Industry | |
| Exchange | TO |
| CurrencyCode | CAD |
| ISIN | CA13780R1091 |
| Beta | 0.98 |
|---|---|
| Market Cap | 3B |
| PE Ratio | 20.91 |
| Target Price | None |
| Dividend Yield | 0.0% |
Canoe EIT Income Fund is a closed-ended balanced fund launched and managed by Canoe Financial LP. It is co-managed by Haber Trilix Advisors, LP. The fund invests in the public equity and fixed income markets of Canada and the United States. Its equity portion seeks to invest in the stocks of companies operating across diversified sectors. The fund primarily invests in growth and value stocks of mid-cap and large-cap companies. It invests in equity and debt securities of royalty and income trusts, corporations, partnerships, or other issuers. The fund was formerly known as EnerVest Diversified Income Trust. Canoe EIT Income Fund was formed on August 5, 1997 and is domiciled in Canada.
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