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

Richards Packaging Income Fund (TSE:RPI.UN)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$30.71 and traded as low as C$29.95. Richards Packaging Income Fund shares last traded at C$30.15, with a volume of 2,800 shares.

Richards Packaging Income Fund Stock Up 0.2 %

The company has a debt-to-equity ratio of 24.16, a quick ratio of 0.61 and a current ratio of 1.62. The firm has a market cap of C$330.44 million, a PE ratio of 9.22 and a beta of 0.47. The stock has a fifty day moving average price of C$30.23 and a 200-day moving average price of C$30.71.

Richards Packaging Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, February 14th will be issued a $0.11 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 4.38%. The ex-dividend date is Friday, January 31st. Richards Packaging Income Fund’s dividend payout ratio is presently 40.37%.

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.