Richards Packaging Income Fund (TSE:RPI.UN) Stock Price Crosses Below Two Hundred Day Moving Average – What’s Next?

Shares of Richards Packaging Income Fund (TSE:RPI.UN) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$30.96 and traded as low as C$28.45. Richards Packaging Income Fund shares last traded at C$28.56, with a volume of 6,546 shares trading hands.

Richards Packaging Income Fund Price Performance

The firm has a market capitalization of C$326.10 million, a price-to-earnings ratio of 14.95 and a beta of 0.65. 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 has a 50-day moving average price of C$29.15 and a two-hundred day moving average price of C$30.96.

Richards Packaging Income Fund Announces Dividend

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