Richards Packaging Income Fund (TSE:RPI.UN) Shares Cross Below 200-Day Moving Average – What’s Next?

Richards Packaging Income Fund (TSE:RPI.UN) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$31.85 and traded as low as C$27.76. Richards Packaging Income Fund shares last traded at C$28.10, with a volume of 14,641 shares.

Analyst Upgrades and Downgrades

Separately, National Bankshares set a C$43.00 price objective on Richards Packaging Income Fund and gave the company an “outperform” rating in a report on Friday, September 12th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of C$43.00.

Richards Packaging Income Fund Stock Up 0.3%

The firm’s 50 day simple moving average is C$30.91 and its 200-day simple moving average is C$31.85. The company has a market cap of C$318.74 million, a price-to-earnings ratio of 14.71 and a beta of 0.65. The company has a debt-to-equity ratio of 24.16, a current ratio of 1.62 and a quick ratio of 0.61.

Richards Packaging Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, December 12th will be given a $0.11 dividend. The ex-dividend date of this dividend is Friday, November 28th. This represents a c) dividend on an annualized basis and a dividend yield of 4.7%. Richards Packaging Income Fund’s dividend payout ratio is 69.11%.

About Richards Packaging Income Fund

RICHARDS Packaging business model has changed. Originally a manufacturer of glass containers for pharmacies, RICHARDS has become a major North American manufacturer and distributor of containers for the food, pharmaceutical, health & beauty and industrial sectors. While continuing to grow and expand into different areas of healthcare.