Richards Packaging Income Fund (TSE:RPI.UN) Stock Price Crosses Below Two Hundred Day Moving Average – What’s Next?

Richards Packaging Income Fund (TSE:RPI.UN) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$30.96 and traded as low as C$28.45. Richards Packaging Income Fund shares last traded at C$28.56, with a volume of 6,546 shares changing hands.

Richards Packaging Income Fund Price Performance

The stock has a market capitalization of C$326.10 million, a P/E ratio of 14.95 and a beta of 0.65. The company has a 50 day moving average of C$29.15 and a 200-day moving average of C$30.96. 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 Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, December 12th. Stockholders of record on Friday, December 12th were issued a $0.11 dividend. The ex-dividend date of this dividend was Friday, November 28th. This represents a c) annualized dividend and a dividend yield of 4.6%. Richards Packaging Income Fund’s payout ratio is 69.11%.

Richards Packaging Income Fund Company Profile

RICHARDS Packaging business model has changed. Originally a manufacturer of glass containers for pharmacies, RICHARDS has become a major North American manufacturer and distributor of containers for the food, pharmaceutical, health & beauty and industrial sectors. While continuing to grow and expand into different areas of healthcare.