Keg Royalties Income Fund (TSE:KEG.UN) Share Price Crosses Below Two Hundred Day Moving Average – Should You Sell?

Shares of Keg Royalties Income Fund (TSE:KEG.UN) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$14.92 and traded as low as C$14.21. Keg Royalties Income Fund shares last traded at C$14.35, with a volume of 9,746 shares.

Keg Royalties Income Fund Stock Performance

The firm has a market cap of C$162.53 million, a price-to-earnings ratio of 11.83 and a beta of 1.37. 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 stock’s 50 day moving average is C$14.56 and its 200 day moving average is C$14.92.

Keg Royalties Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 28th will be issued a dividend of $0.0946 per share. The ex-dividend date is Friday, February 21st. This represents a $1.14 annualized dividend and a yield of 7.93%. Keg Royalties Income Fund’s payout ratio is currently 94.21%.

Insider Activity at Keg Royalties Income Fund

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

About Keg Royalties Income Fund

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.