Richards Packaging Income Fund (TSE:RPI.UN) Stock Price Passes Below Two Hundred Day Moving Average – What’s Next?

Richards Packaging Income Fund (TSE:RPI.UN) shares crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$30.48 and traded as low as C$29.80. Richards Packaging Income Fund shares last traded at C$30.28, with a volume of 2,527 shares trading hands.

Richards Packaging Income Fund Trading Up 0.1 %

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 stock has a market capitalization of C$332.09 million, a PE ratio of 9.27 and a beta of 0.47. The business’s 50-day moving average is C$29.67 and its two-hundred day moving average is C$30.48.

Richards Packaging Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, December 13th were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.36%. Richards Packaging Income Fund’s dividend payout ratio (DPR) 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.