Keg Royalties Income Fund (TSE:KEG.UN) Stock Price Passes Below 200 Day Moving Average – Time to Sell?

Keg Royalties Income Fund (TSE:KEG.UN)’s share price passed 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.

Keg Royalties Income Fund Stock Up 0.9 %

The company has a current ratio of 0.04, a quick ratio of 2.11 and a debt-to-equity ratio of 12.62. The firm has a market cap of C$161.51 million, a PE ratio of 11.76 and a beta of 1.37. The business’s 50-day simple moving average is C$14.47 and its 200 day simple moving average is C$14.90.

Keg Royalties Income Fund Announces Dividend

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

Insider Buying and Selling

In other news, Senior Officer Kenneth Joseph Grondin purchased 13,300 shares of the firm’s stock in a transaction on Tuesday, December 10th. The stock was acquired at an average cost of C$15.20 per share, with a total value of C$202,222.51. 50.30% of the stock is currently owned by insiders.

Keg Royalties Income Fund Company Profile

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.