Richards Packaging Income Fund (TSE:RPI.UN) Shares Pass Below Two Hundred Day Moving Average – Here’s What Happened

Richards Packaging Income Fund (TSE:RPI.UN) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$29.70 and traded as low as C$27.52. Richards Packaging Income Fund shares last traded at C$27.65, with a volume of 570 shares traded.

Richards Packaging Income Fund Stock Down 0.6 %

The company has a current ratio of 1.62, a quick ratio of 0.61 and a debt-to-equity ratio of 24.16. The firm has a market cap of C$303.04 million, a price-to-earnings ratio of 8.46 and a beta of 0.47. The firm’s 50 day simple moving average is C$28.32 and its two-hundred day simple moving average is C$29.70.

Richards Packaging Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, March 14th were paid a $0.11 dividend. The ex-dividend date was Friday, February 28th. This represents a $1.32 annualized dividend and a dividend yield of 4.77%. Richards Packaging Income Fund’s payout ratio 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.