Keg Royalties Income Fund (TSE:KEG.UN) Stock Price Passes Below Two Hundred Day Moving Average – Here’s What Happened

Keg Royalties Income Fund (TSE:KEG.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$14.91 and traded as low as C$13.98. Keg Royalties Income Fund shares last traded at C$14.23, with a volume of 8,142 shares.

Keg Royalties Income Fund Trading Up 0.9 %

The company has a market capitalization of C$161.51 million, a P/E ratio of 11.76 and a beta of 1.37. The company has a debt-to-equity ratio of 12.62, a quick ratio of 2.11 and a current ratio of 0.04. The stock has a fifty day moving average of C$14.48 and a 200 day moving average of C$14.91.

Keg Royalties Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 28th were paid a $0.0946 dividend. This represents a $1.14 annualized dividend and a dividend yield of 7.98%. The ex-dividend date was Friday, February 21st. Keg Royalties Income Fund’s dividend payout ratio (DPR) is currently 94.21%.

Insider Activity

In other news, Senior Officer Kenneth Joseph Grondin bought 13,300 shares of the company’s stock in a transaction that occurred on Tuesday, December 10th. The stock was bought at an average price of C$15.20 per share, with a total value of C$202,222.51. Insiders own 50.30% of the company’s stock.

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.