Keg Royalties Income Fund (TSE:KEG.UN) Stock Passes Below Two Hundred Day Moving Average - Should You Sell?

Keg Royalties Income Fund (TSE:KEG.UN - Get Free Report)'s share price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$14.85 and traded as low as C$14.75. Keg Royalties Income Fund shares last traded at C$14.82, with a volume of 13,249 shares traded.

Keg Royalties Income Fund Trading Down 0.6 %

The company has a debt-to-equity ratio of 12.62, a current ratio of 0.04 and a quick ratio of 2.11. The firm has a fifty day simple moving average of C$15.05 and a 200-day simple moving average of C$14.87. The firm has a market cap of C$168.21 million, a P/E ratio of 12.25 and a beta of 1.37.

Keg Royalties Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were given a dividend of $0.0946 per share. This represents a $1.14 annualized dividend and a dividend yield of 7.66%. The ex-dividend date of this dividend was Friday, December 20th. Keg Royalties Income Fund's payout ratio is presently 94.21%.

Insider Activity at Keg Royalties Income Fund

In other news, Senior Officer Kenneth Joseph Grondin bought 13,300 shares of Keg Royalties Income Fund stock in a transaction dated Tuesday, December 10th. The stock was purchased at an average price of C$15.20 per share, for a total transaction of C$202,222.51. 50.30% of the stock is owned by insiders.

Keg Royalties Income Fund Company Profile

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.