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

Richards Packaging Income Fund (TSE:RPI.UN)’s stock price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$30.63 and traded as low as C$29.03. Richards Packaging Income Fund shares last traded at C$29.03, with a volume of 5,560 shares traded.

Richards Packaging Income Fund Trading Down 2.2 %

The company has a quick ratio of 0.61, a current ratio of 1.62 and a debt-to-equity ratio of 24.16. The firm has a market capitalization of C$318.17 million, a price-to-earnings ratio of 8.88 and a beta of 0.47. The business has a 50-day moving average of C$30.29 and a two-hundred day moving average of C$30.62.

Richards Packaging Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 14th were issued a dividend of $0.11 per share. This represents a $1.32 annualized dividend and a dividend yield of 4.55%. The ex-dividend date was Friday, January 31st. Richards Packaging Income Fund’s payout ratio is presently 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.