First Asset Canadian REIT Income Fund (TSE:RIT) Stock Price Passes Above 50-Day Moving Average – Time to Sell?

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$15.59 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.

First Asset Canadian REIT Income Fund Price Performance

The firm has a market cap of C$443.04 million and a price-to-earnings ratio of -95.07. The firm has a fifty day simple moving average of C$15.59 and a two-hundred day simple moving average of C$16.49.

About First Asset Canadian REIT Income Fund

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.