Richards Packaging Income Fund (TSE:RPI.UN) Shares Cross Below 200 Day Moving Average – Time to 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$30.71 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 traded.

Richards Packaging Income Fund Stock Performance

The company’s fifty day moving average is C$30.27 and its two-hundred day moving average is C$30.70. 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 company has a market cap of C$330.44 million, a price-to-earnings ratio of 9.22 and a beta of 0.47.

Richards Packaging Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 14th were given a $0.11 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a $1.32 annualized dividend and a yield of 4.38%. Richards Packaging Income Fund’s dividend payout ratio is presently 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.