Richards Packaging Income Fund (TSE:RPI.UN) Stock Price Crosses Below 200 Day Moving Average – Here’s Why

Richards Packaging Income Fund (TSE:RPI.UN)’s share price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$29.70 and traded as low as C$27.52. Richards Packaging Income Fund shares last traded at C$27.65, with a volume of 570 shares changing hands.

Richards Packaging Income Fund Stock Performance

The firm has a market cap of C$303.04 million, a P/E ratio of 8.46 and a beta of 0.47. 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 stock’s 50-day moving average is C$28.32 and its 200 day moving average is C$29.70.

Richards Packaging Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, March 14th were paid a dividend of $0.11 per share. The ex-dividend date was Friday, February 28th. This represents a $1.32 annualized dividend and a dividend yield of 4.77%. Richards Packaging Income Fund’s dividend payout ratio is currently 40.37%.

About Richards Packaging Income Fund

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.