Richards Packaging Income Fund (TSE:RPI.UN) Share Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Richards Packaging Income Fund (TSE:RPI.UN) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$30.76 and traded as low as C$30.23. Richards Packaging Income Fund shares last traded at C$30.23, with a volume of 2,088 shares trading hands.

Richards Packaging Income Fund Price Performance

The company has a market capitalization of C$331.32 million, a PE ratio of 9.24 and a beta of 0.47. 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 company’s 50 day moving average price is C$30.18 and its 200-day moving average price is C$30.76.

Richards Packaging Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, February 14th will be given a dividend of $0.11 per share. This represents a $1.32 dividend on an annualized basis and a yield of 4.37%. The ex-dividend date of this dividend is Friday, January 31st. Richards Packaging Income Fund’s dividend payout ratio (DPR) 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.