Financial 15 Split (TSE:FTN) Shares Pass Above 50-Day Moving Average – Here’s Why

Financial 15 Split Corp. (TSE:FTN)’s stock price crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$10.91 and traded as high as C$10.93. Financial 15 Split shares last traded at C$10.93, with a volume of 329,751 shares changing hands.

Financial 15 Split Stock Up 1.4%

The company has a quick ratio of 1.91, a current ratio of 1.81 and a debt-to-equity ratio of 119.87. The firm has a market capitalization of C$809.44 million, a PE ratio of 4.08 and a beta of 2.03. The business’s 50-day moving average price is C$10.91 and its 200-day moving average price is C$10.82.

About Financial 15 Split

The Companys investment objectives with respect to the Class A Shares are (a) to provide holders of Class A Shares with regular monthly cash distributions, in an amount to be determined by the Board of Directors; and (b) to permit such holders to participate in all growth in the Net Asset Value (as defined herein) of the Company above $10.00 per Unit (as defined herein), by paying such holders, on or about the Termination Date (as defined herein), such amounts as remain in the Company on the Termination Date after paying the Preferred Share Repayment Amount (as defined herein) to the holders of the Preferred Shares.