Keg Royalties Income Fund (TSE:KEG.UN) Stock Price Crosses Below 200-Day Moving Average – Here’s Why

Keg Royalties Income Fund (TSE:KEG.UN)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$14.77 and traded as low as C$14.70. Keg Royalties Income Fund shares last traded at C$14.80, with a volume of 2,022 shares trading hands.

Keg Royalties Income Fund Trading Down 0.7 %

The company has a quick ratio of 2.11, a current ratio of 0.04 and a debt-to-equity ratio of 12.62. The firm’s 50 day moving average is C$15.24 and its two-hundred day moving average is C$14.77. The stock has a market cap of C$167.98 million, a price-to-earnings ratio of 12.23 and a beta of 1.37.

Keg Royalties Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.0946 per share. This represents a $1.14 dividend on an annualized basis and a yield of 7.67%. The ex-dividend date of this dividend is Friday, December 20th. Keg Royalties Income Fund’s payout ratio is 94.21%.

Insider Buying and Selling

In other news, Senior Officer Kenneth Joseph Grondin bought 13,300 shares of the company’s stock in a transaction that occurred on Tuesday, December 10th. The shares were purchased at an average price of C$15.20 per share, with a total value of C$202,222.51. Corporate insiders own 50.30% of the company’s stock.

About Keg Royalties Income Fund

The Keg Royalties Income Fund operates as an unincorporated open-ended limited purpose trust. The company invests in The Keg Rights Limited Partnership, which owns the trademarks, trade names, operating procedures and systems, and other intellectual property used for the operation of Keg steakhouse restaurants and bars.