Richards Packaging Income Fund (TSE:RPI.UN) Share Price Crosses Below 200-Day Moving Average of $34.05

Richards Packaging Income Fund (TSE:RPI.UN) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$34.05 and traded as low as C$32.65. Richards Packaging Income Fund shares last traded at C$32.83, with a volume of 970 shares.

Richards Packaging Income Fund Stock Up 1.7 %

The company has a debt-to-equity ratio of 38.33, a quick ratio of 0.61 and a current ratio of 1.67. The firm has a market capitalization of C$366.06 million, a PE ratio of 10.71 and a beta of 0.42. The company’s 50 day simple moving average is C$33.33 and its 200-day simple moving average is C$34.06.

Richards Packaging Income Fund Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, April 12th were paid a $0.11 dividend. This represents a $1.32 annualized dividend and a yield of 3.95%. The ex-dividend date was Wednesday, March 27th. Richards Packaging Income Fund’s dividend payout ratio is presently 42.31%.

Insider Transactions at Richards Packaging Income Fund

In other news, Director Donald Arthur Wright sold 4,300 shares of the stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of C$32.11, for a total value of C$138,073.00. Following the transaction, the director now owns 200 shares of the company’s stock, valued at approximately C$6,422. Insiders own 25.50% of the company’s stock.

About Richards Packaging Income Fund

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.