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

Keg Royalties Income Fund (TSE:KEG.UN) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$14.85 and traded as low as C$14.75. Keg Royalties Income Fund shares last traded at C$14.82, with a volume of 13,249 shares changing hands.

Keg Royalties Income Fund Stock Performance

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 stock has a 50 day moving average of C$15.05 and a 200 day moving average of C$14.87. The company has a market capitalization of C$168.21 million, a price-to-earnings ratio of 12.25 and a beta of 1.37.

Keg Royalties Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were given a dividend of $0.0946 per share. This represents a $1.14 dividend on an annualized basis and a dividend yield of 7.66%. The ex-dividend date of this dividend was Friday, December 20th. Keg Royalties Income Fund’s payout ratio is 94.21%.

Insider Activity

In other Keg Royalties Income Fund news, Senior Officer Kenneth Joseph Grondin bought 13,300 shares of Keg Royalties Income Fund stock in a transaction dated Tuesday, December 10th. The stock was bought at an average cost 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.