Richards Packaging Income Fund (TSE:RPI.UN) Stock Price Passes Below 200-Day Moving Average – Time to Sell?

Richards Packaging Income Fund (TSE:RPI.UN)’s share price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$30.33 and traded as low as C$27.85. Richards Packaging Income Fund shares last traded at C$27.99, with a volume of 3,515 shares traded.

Richards Packaging Income Fund Stock Performance

The firm has a 50-day moving average price of C$30.05 and a 200 day moving average price of C$30.31. The firm has a market capitalization of C$304.14 million, a PE ratio of 8.49 and a beta of 0.47. The company has a quick ratio of 0.61, a current ratio of 1.62 and a debt-to-equity ratio of 24.16.

Richards Packaging Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, March 14th were paid a $0.11 dividend. This represents a $1.32 annualized dividend and a dividend yield of 4.76%. The ex-dividend date of this dividend was Friday, February 28th. Richards Packaging Income Fund’s payout ratio is currently 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.