Keg Royalties Income Fund (TSE:KEG.UN) Shares Cross Below 200 Day Moving Average – Time to Sell?

Keg Royalties Income Fund (TSE:KEG.UN)’s share price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$18.65 and traded as low as C$18.62. Keg Royalties Income Fund shares last traded at C$18.65, with a volume of 27,719 shares trading hands.

Keg Royalties Income Fund Price Performance

The company has a debt-to-equity ratio of 12.62, a current ratio of 0.04 and a quick ratio of 2.11. The firm has a market capitalization of C$211.68 million, a price-to-earnings ratio of 15.41 and a beta of 1.37. The stock has a 50 day moving average price of C$18.65 and a two-hundred day moving average price of C$18.65.

About Keg Royalties Income Fund

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. It operates 105 Keg restaurants in Canada and the United States. The Keg Royalties Income Fund was founded in 2002 and is headquartered in Richmond, Canada.