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Richards Packaging Income Fund (TSE:RPI.UN) Shares Cross Below 200 Day Moving Average - Time to Sell?

Richards Packaging Income Fund logo with Consumer Cyclical background

Richards Packaging Income Fund (TSE:RPI.UN - Get Free Report) shares crossed 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 trading hands.

Richards Packaging Income Fund Stock Performance

The firm has a market capitalization of C$330.44 million, a price-to-earnings ratio of 9.22 and a beta of 0.47. The company has a debt-to-equity ratio of 24.16, a current ratio of 1.62 and a quick ratio of 0.61. The firm's 50-day simple moving average is C$30.29 and its 200 day simple moving average is C$30.67.

Richards Packaging Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 14th were given a dividend of $0.11 per share. The ex-dividend date 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 currently 40.37%.

Richards Packaging Income Fund Company Profile

(Get Free Report)

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.

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