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

Richards Packaging Income Fund (TSE:RPI.UN) shares crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$30.81 and traded as low as C$28.29. Richards Packaging Income Fund shares last traded at C$28.29, with a volume of 7,361 shares trading hands.

Richards Packaging Income Fund Price Performance

The firm has a market cap of C$323.02 million, a P/E ratio of 14.81 and a beta of 0.65. The stock’s 50-day moving average is C$29.26 and its 200-day moving average is C$30.81. The company has a quick ratio of 0.61, a current ratio of 1.62 and a debt-to-equity ratio of 24.16.

Richards Packaging Income Fund Announces Dividend

The business 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 of this dividend was Friday, November 28th. This represents a c) dividend on an annualized basis and a dividend yield of 4.7%. Richards Packaging Income Fund’s dividend payout ratio is currently 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.