Richards Packaging Income Fund (TSE:RPI.UN) Stock Price Passes Above Fifty Day Moving Average – Here’s Why

Richards Packaging Income Fund (TSE:RPI.UN)’s stock price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$29.82 and traded as high as C$30.70. Richards Packaging Income Fund shares last traded at C$30.43, with a volume of 20,440 shares traded.

Wall Street Analysts Forecast Growth

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

Richards Packaging Income Fund Price Performance

The company has a current ratio of 1.62, a quick ratio of 0.61 and a debt-to-equity ratio of 24.16. The business’s 50-day simple moving average is C$29.82 and its two-hundred day simple moving average is C$31.76. The firm has a market cap of C$345.17 million, a price-to-earnings ratio of 15.93 and a beta of 0.65.

Richards Packaging Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, December 12th. Stockholders of record on Friday, December 12th were given a dividend of $0.11 per share. The ex-dividend date was Friday, November 28th. This represents a c) annualized dividend and a dividend yield of 4.3%. 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.