Richards Packaging Income Fund (TSE:RPI.UN) Stock Passes Below 200-Day Moving Average – Here’s What Happened

Richards Packaging Income Fund (TSE:RPI.UN) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$31.11 and traded as low as C$27.04. Richards Packaging Income Fund shares last traded at C$28.44, with a volume of 19,199 shares.

Richards Packaging Income Fund Stock Up 5.0%

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 firm’s fifty day simple moving average is C$29.08 and its 200 day simple moving average is C$31.11. The stock has a market capitalization of C$324.73 million, a price-to-earnings ratio of 14.89 and a beta of 0.65.

Richards Packaging Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, December 12th. Investors of record on Friday, December 12th were given a $0.11 dividend. This represents a c) annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend was Friday, November 28th. Richards Packaging Income Fund’s payout ratio is currently 69.11%.

Richards Packaging Income Fund Company Profile

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.