Richards Packaging Income Fund (TSE:RPI.UN) Shares Cross Below 200-Day Moving Average – Here’s Why

Richards Packaging Income Fund (TSE:RPI.UN)’s stock price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$30.47 and traded as low as C$30.00. Richards Packaging Income Fund shares last traded at C$30.00, with a volume of 1,100 shares.

Richards Packaging Income Fund Stock Performance

The stock has a market cap of C$328.80 million, a price-to-earnings ratio of 9.17 and a beta of 0.47. The company’s 50-day simple moving average is C$30.38 and its 200-day simple moving average is C$30.47. 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 Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, December 13th. Investors of record on Friday, December 13th were issued a $0.11 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.40%. The ex-dividend date of this dividend was Friday, November 29th. Richards Packaging Income Fund’s payout ratio is 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.