Richards Packaging Income Fund (TSE:RPI.UN) Share Price Passes Below 200 Day Moving Average – Should You Sell?

Richards Packaging Income Fund (TSE:RPI.UN)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$30.81 and traded as low as C$28.29. Richards Packaging Income Fund shares last traded at C$28.29, with a volume of 7,361 shares trading hands.

Richards Packaging Income Fund Trading Down 1.3%

The firm has a market cap of C$326.55 million, a PE ratio of 14.97 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. The business has a fifty day moving average price of C$29.29 and a 200 day moving average price of C$30.79.

Richards Packaging Income Fund Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, December 12th. Investors of record on Friday, December 12th were paid a dividend of $0.11 per share. This represents a c) annualized dividend and a yield of 4.6%. The ex-dividend date was Friday, November 28th. Richards Packaging Income Fund’s dividend payout ratio (DPR) is currently 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.