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

Richards Packaging Income Fund (TSE:RPI.UN - Get Free Report)'s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$29.70 and traded as low as C$27.52. Richards Packaging Income Fund shares last traded at C$27.65, with a volume of 570 shares.

Richards Packaging Income Fund Stock Down 1.3 %

The firm has a market cap of C$299.76 million, a price-to-earnings ratio of 8.36 and a beta of 0.47. The company has a quick ratio of 0.61, a current ratio of 1.62 and a debt-to-equity ratio of 24.16. The firm has a fifty day moving average price of C$28.16 and a 200-day moving average price of C$29.61.

Richards Packaging Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, March 14th were paid a $0.11 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 4.83%. The ex-dividend date of this dividend was Friday, February 28th. Richards Packaging Income Fund's payout ratio is 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.