Richards Packaging Income Fund (TSE:RPI.UN) Stock Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

Richards Packaging Income Fund (TSE:RPI.UN) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$30.33 and traded as low as C$27.85. Richards Packaging Income Fund shares last traded at C$27.99, with a volume of 3,515 shares trading hands.

Richards Packaging Income Fund Stock Down 0.0 %

The company has a debt-to-equity ratio of 24.16, a current ratio of 1.62 and a quick ratio of 0.61. The stock has a market cap of C$306.77 million, a PE ratio of 8.56 and a beta of 0.47. The business has a fifty day moving average of C$30.11 and a 200-day moving average of C$30.33.

Richards Packaging Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, March 14th will be paid a $0.11 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 4.72%. The ex-dividend date is Friday, February 28th. Richards Packaging Income Fund’s dividend payout ratio (DPR) is 40.37%.

Richards Packaging Income Fund Company Profile

Richards Packaging Income Fund, together with its subsidiaries, manufactures and distributes packaging products in Canada and the United States. It offers plastic and glass containers, and metal and plastic closures. The company also distributes various injection molded containers and packaging systems, as well as offers design and development, and logistics management services.