February 21 was a positive day for Exchange Income Corporation (EIF:CA) as its stock finished the day having gained 5.96% to hit a price of $33.27 a share. The company reached a market cap of 1.04 billion and has 31.34 million shares outstanding. Exchange Income Corporation is a component of the the S&P/TSX SmallCap Index.
421,327 shares changed hands over the course of the day as compared to an average volume of 76,876 over the last 30 days for Exchange Income Corporation.
Exchange Income Corp is Canadian diversified acquisition-oriented corporation focused on opportunities in two sectors, aviation services and equipment, and manufacturing. In particular, the company is focused on businesses that are suited for public markets, except, in certain circumstances, for their size. The business plan of the Corporation is to invest in profitable, well-established companies with strong cash flows operating in niche markets. The Aviation segment recognizes revenue on the provision of flight, flight ancillary services, and the sale or lease of aircraft and aftermarket parts. The Manufacturing segment recognizes revenue on the sales of manufacturing products and services.. The company makes its home in Winnipeg, MB, and is currently under the leadership of CEO Michael Pyle.
Exchange Income Corporation has hit a high of $35.74 and reached a low of $25.58 over its last year of trading. The stock’s 50-day SMA is now $28.44 and 200-day SMA is $30.58. As for its price valuations, the P/E ratio is at 13.2 and P/B is now 1.75.
The S&P/TSX SmallCap Index tracks over 200 Canadian small-cap stocks for cumulative performance. Relying on market cap weighting to calculate returns, it’s an index similar in composition to the Russell 2000, only focused on Canadian companies and much smaller in terms of its total membership. Widely recognized as the benchmark for small-cap Canadian stocks, the member companies must have a market cap between C$100 million and C$1.5 billion and an average share price of at least C$1.