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

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$30.47 and traded as low as C$30.00. Richards Packaging Income Fund shares last traded at C$30.00, with a volume of 1,100 shares.

Richards Packaging Income Fund Stock 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 stock’s fifty day simple moving average is C$30.38 and its 200 day simple moving average is C$30.48. The company has a market cap of C$328.80 million, a price-to-earnings ratio of 9.17 and a beta of 0.47.

Richards Packaging Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, December 13th were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.32 annualized dividend and a dividend yield of 4.40%. Richards Packaging Income Fund’s payout ratio 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.