Richards Packaging Income Fund (TSE:RPI.UN) Shares Cross Below Two Hundred Day Moving Average of $34.05

Richards Packaging Income Fund (TSE:RPI.UN) shares 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 trading hands.

Richards Packaging Income Fund Trading Down 0.5 %

The firm 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 debt-to-equity ratio of 38.33, a current ratio of 1.67 and a quick ratio of 0.61. The stock has a 50 day moving average of C$33.18 and a 200 day moving average of C$34.05.

Richards Packaging Income Fund Dividend Announcement

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

Insider Activity

In other news, Director Donald Arthur Wright sold 4,300 shares of the firm’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of C$32.11, for a total transaction of C$138,073.00. Following the transaction, the director now directly owns 200 shares of the company’s stock, valued at C$6,422. Insiders own 25.50% of the company’s stock.

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.