Richards Packaging Income Fund (TSE:RPI.UN) Stock Crosses Below 200 Day Moving Average of $34.05

Richards Packaging Income Fund (TSE:RPI.UN)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$34.05 and traded as low as C$32.57. Richards Packaging Income Fund shares last traded at C$32.59, with a volume of 3,330 shares changing hands.

Richards Packaging Income Fund Stock Down 0.5 %

The company has a 50-day simple moving average of C$33.22 and a 200 day simple moving average of C$34.05. The company has a market cap of C$357.19 million, a P/E ratio of 10.45 and a beta of 0.42. The company has a current ratio of 1.67, a quick ratio of 0.61 and a debt-to-equity ratio of 38.33.

Richards Packaging Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, April 12th. Investors of record on Friday, April 12th were paid a dividend of $0.11 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.05%. The ex-dividend date was Wednesday, March 27th. Richards Packaging Income Fund’s dividend payout ratio (DPR) is currently 42.31%.

Insider Buying and Selling

In other Richards Packaging Income Fund news, Director Donald Arthur Wright sold 4,300 shares of the stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of C$32.11, for a total value of C$138,073.00. Following the completion of the sale, the director now directly owns 200 shares in the company, valued at C$6,422. 25.50% of the stock is currently owned by company insiders.

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.