Richards Packaging Income Fund (TSE:RPI.UN) Stock Price Crosses Below Two Hundred Day Moving Average - What's Next?

Richards Packaging Income Fund (TSE:RPI.UN - Get Free Report)'s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$30.07 and traded as low as C$26.75. Richards Packaging Income Fund shares last traded at C$27.02, with a volume of 4,521 shares changing hands.

Richards Packaging Income Fund Price Performance

The company has a debt-to-equity ratio of 24.16, a quick ratio of 0.61 and a current ratio of 1.62. The company has a market capitalization of C$292.63 million, a PE ratio of 8.17 and a beta of 0.47. The company's 50-day simple moving average is C$29.14 and its 200-day simple moving average is C$30.00.

Richards Packaging Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, March 14th were given a dividend of $0.11 per share. This represents a $1.32 annualized dividend and a yield of 4.94%. 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.