Richards Packaging Income Fund (TSE:RPI.UN) Stock Price Passes Below Fifty Day Moving Average – Should You Sell?

Richards Packaging Income Fund (TSE:RPI.UN)’s stock price passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$29.11 and traded as low as C$28.28. Richards Packaging Income Fund shares last traded at C$28.50, with a volume of 8,108 shares.

Richards Packaging Income Fund Trading Up 0.6%

The business has a 50 day moving average of C$29.11 and a 200-day moving average of C$31.34. The firm has a market capitalization of C$325.41 million, a P/E ratio of 14.92 and a beta of 0.65. The company has a current ratio of 1.62, a quick ratio of 0.61 and a debt-to-equity ratio of 24.16.

Richards Packaging Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, December 12th. Stockholders of record on Friday, December 12th were paid a dividend of $0.11 per share. The ex-dividend date 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 currently 69.11%.

About Richards Packaging Income Fund

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.