First Asset Canadian REIT Income Fund (TSE:RIT) Shares Cross Above 50-Day Moving Average – Should You Sell?

First Asset Canadian REIT Income Fund (TSE:RITGet Free Report) shares 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 company has a market capitalization of C$443.04 million and a P/E ratio of -95.07. The business has a fifty day moving average price of C$15.59 and a 200 day moving average price of C$16.49.

About First Asset Canadian REIT Income Fund

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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.

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