Premium Income Corporation (TSE:PIC.A – Get Free Report) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$4.86 and last traded at C$4.90, with a volume of 14846 shares changing hands. The stock had previously closed at C$4.81.
Premium Income Price Performance
The stock’s 50-day moving average is C$5.40 and its 200 day moving average is C$5.46. The company has a debt-to-equity ratio of 562.70, a current ratio of 1.18 and a quick ratio of 1.45. The company has a market cap of C$93.99 million, a PE ratio of 0.00 and a beta of 1.20.
About Premium Income
to provide Class A shareholders with quarterly cash distributions equal to the amount, if any, by which the net realized capital gains, dividends and option premiums (other than option premiums in respect of options outstanding at year-end) earned on the Funds portfolio in any year, net of expenses and loss carry forwards, exceed the amount of the distributions paid on Class A shares upon windup of the Fund To accomplish its objectives, the Fund invests at least 75 percent of its net asset value (“NAV) in common shares of the Bank of Montreal, The Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada and The Toronto-Dominion Bank (collectively, the “Banks) and may also invest up to 25 percent of its NAV in common shares of National Bank of Canada.
Further Reading
- Five stocks we like better than Premium Income
- What is the Shanghai Stock Exchange Composite Index?
- Beware of BigBear.ai: Insiders Are Selling—Should You?
- Are Penny Stocks a Good Fit for Your Portfolio?
- CrowdStrike Stock is a Buy as Cyberthreat Environment Expands
- How to Short a Stock in 5 Easy Steps
- Congress! Who Traded What During the Tariff-Induced Meltdown
Receive News & Ratings for Premium Income Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Premium Income and related companies with MarketBeat.com's FREE daily email newsletter.
