Keg Royalties Income Fund (TSE:KEG.UN) Stock Price Crosses Below 200-Day Moving Average – Here’s What Happened

Keg Royalties Income Fund (TSE:KEG.UN)’s share price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$14.91 and traded as low as C$13.98. Keg Royalties Income Fund shares last traded at C$14.23, with a volume of 8,142 shares changing hands.

Keg Royalties Income Fund Stock Up 0.9 %

The company has a debt-to-equity ratio of 12.62, a quick ratio of 2.11 and a current ratio of 0.04. The firm has a market capitalization of C$161.51 million, a PE ratio of 11.76 and a beta of 1.37. The company has a fifty day moving average price of C$14.47 and a 200-day moving average price of C$14.90.

Keg Royalties Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 28th were issued a $0.0946 dividend. This represents a $1.14 dividend on an annualized basis and a dividend yield of 7.98%. The ex-dividend date was Friday, February 21st. Keg Royalties Income Fund’s payout ratio is 94.21%.

Insider Buying and Selling at Keg Royalties Income Fund

In other news, Senior Officer Kenneth Joseph Grondin bought 13,300 shares of the stock in a transaction dated Tuesday, December 10th. The stock was purchased at an average price of C$15.20 per share, for a total transaction of C$202,222.51. Company 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.