Keg Royalties Income Fund (TSE:KEG.UN) Stock Price Crosses Below 200 Day Moving Average – Should You Sell?

Keg Royalties Income Fund (TSE:KEG.UN) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$14.98 and traded as low as C$14.02. Keg Royalties Income Fund shares last traded at C$14.25, with a volume of 7,272 shares.

Keg Royalties Income Fund Trading Up 0.5 %

The firm has a 50 day simple moving average of C$14.81 and a 200 day simple moving average of C$14.98. The firm has a market cap of C$161.74 million, a P/E ratio of 11.78 and a beta of 1.37. The company has a debt-to-equity ratio of 12.62, a quick ratio of 2.11 and a current ratio of 0.04.

Keg Royalties Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were paid a dividend of $0.0946 per share. The ex-dividend date was Friday, December 20th. This represents a $1.14 annualized dividend and a yield of 7.97%. Keg Royalties Income Fund’s dividend payout ratio is currently 94.21%.

Insider Buying and Selling

In other Keg Royalties Income Fund news, Senior Officer Kenneth Joseph Grondin bought 13,300 shares of Keg Royalties Income Fund stock in a transaction that occurred on Tuesday, December 10th. The stock was acquired at an average cost of C$15.20 per share, for a total transaction of C$202,222.51. 50.30% of the stock is currently owned by insiders.

Keg Royalties Income Fund Company Profile

The Keg Royalties Income Fund operates as an unincorporated open-ended limited purpose trust. The company invests in The Keg Rights Limited Partnership, which owns the trademarks, trade names, operating procedures and systems, and other intellectual property used for the operation of Keg steakhouse restaurants and bars.