Richards Packaging Income Fund (TSE:RPI.UN) Stock Price Passes Below 200-Day Moving Average – Should You Sell?

Richards Packaging Income Fund (TSE:RPI.UN) shares passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$30.48 and traded as low as C$29.80. Richards Packaging Income Fund shares last traded at C$30.28, with a volume of 2,527 shares changing hands.

Richards Packaging Income Fund Stock Performance

The stock has a market cap of C$332.09 million, a price-to-earnings ratio of 9.27 and a beta of 0.47. The company has a debt-to-equity ratio of 24.16, a current ratio of 1.62 and a quick ratio of 0.61. The stock’s 50-day moving average is C$29.67 and its 200-day moving average is C$30.48.

Richards Packaging Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, December 13th were issued a dividend of $0.11 per share. This represents a $1.32 annualized dividend and a dividend yield of 4.36%. The ex-dividend date of this dividend was Friday, November 29th. Richards Packaging Income Fund’s dividend payout ratio (DPR) is 40.37%.

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.