Richards Packaging Income Fund (TSE:RPI.UN) Stock Price Passes Below Two Hundred Day Moving Average - Here's What Happened

Richards Packaging Income Fund (TSE:RPI.UN - Get Free Report) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$30.47 and traded as low as C$29.55. Richards Packaging Income Fund shares last traded at C$29.60, with a volume of 10,825 shares traded.

Richards Packaging Income Fund Stock Up 0.4 %

The stock has a market capitalization of C$325.73 million, a price-to-earnings ratio of 9.09 and a beta of 0.47. The firm has a 50-day moving average of C$30.12 and a 200 day moving average of C$30.47. The company has a current ratio of 1.62, a quick ratio of 0.61 and a debt-to-equity ratio of 24.16.

Richards Packaging Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, December 13th were paid a dividend of $0.11 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.32 annualized dividend and a dividend yield of 4.44%. Richards Packaging Income Fund's dividend payout ratio is presently 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.