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

Richards Packaging Income Fund logo with Consumer Cyclical background
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Richards Packaging Income Fund (TSE:RPI.UN - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$30.33 and traded as low as C$27.85. Richards Packaging Income Fund shares last traded at C$27.99, with a volume of 3,515 shares changing hands.

Richards Packaging Income Fund Trading Up 1.1 %

The stock has a market capitalization of C$307.43 million, a price-to-earnings ratio of 8.58 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 business has a 50 day simple moving average of C$30.05 and a 200-day simple moving average of C$30.30.

Richards Packaging Income Fund Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, March 14th were issued a dividend of $0.11 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.32 annualized dividend and a yield of 4.71%. Richards Packaging Income Fund's dividend payout ratio (DPR) is currently 40.37%.

About Richards Packaging Income Fund

(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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