Keg Royalties Income Fund (TSE:KEG.UN) Share Price Crosses Below 200 Day Moving Average – Should You Sell?

Keg Royalties Income Fund (TSE:KEG.UN)’s share price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$14.94 and traded as low as C$14.50. Keg Royalties Income Fund shares last traded at C$14.64, with a volume of 12,220 shares changing hands.

Keg Royalties Income Fund Stock Down 0.3 %

The company has a quick ratio of 2.11, a current ratio of 0.04 and a debt-to-equity ratio of 12.62. The stock has a market capitalization of C$164.01 million, a P/E ratio of 11.94 and a beta of 1.37. The company has a fifty day moving average price of C$14.99 and a 200-day moving average price of C$14.94.

Keg Royalties Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.0946 per share. The ex-dividend date of this dividend was Friday, December 20th. This represents a $1.14 annualized dividend and a dividend yield of 7.86%. Keg Royalties Income Fund’s dividend payout ratio (DPR) is 94.21%.

Insider Activity

In related news, Senior Officer Kenneth Joseph Grondin bought 13,300 shares of the company’s stock in a transaction dated Tuesday, December 10th. The stock was purchased at an average price of C$15.20 per share, for a total transaction of C$202,222.51. Corporate insiders own 50.30% of the company’s stock.

Keg Royalties Income Fund Company Profile

The Keg Royalties Income Fund operates as an unincorporated open-ended limited purpose trust. The company invests in The Keg Rights Limited Partnership, which owns the trademarks, trade names, operating procedures and systems, and other intellectual property used for the operation of Keg steakhouse restaurants and bars.