Richards Packaging Income Fund (TSE:RPI.UN) Shares Cross Below 200 Day Moving Average – Should You Sell?

Richards Packaging Income Fund (TSE:RPI.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$30.47 and traded as low as C$29.55. Richards Packaging Income Fund shares last traded at C$29.60, with a volume of 10,825 shares traded.

Richards Packaging Income Fund Price Performance

The stock’s fifty day simple moving average is C$30.07 and its 200-day simple moving average is C$30.47. The company has a market capitalization of C$325.73 million, a P/E ratio of 9.09 and a beta of 0.47. The company has a debt-to-equity ratio of 24.16, a current ratio of 1.62 and a quick ratio of 0.61.

Richards Packaging Income Fund Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, December 13th. Investors of record on Friday, December 13th were given a dividend of $0.11 per share. This represents a $1.32 dividend on an annualized basis and a yield of 4.44%. The ex-dividend date of this dividend was Friday, November 29th. Richards Packaging Income Fund’s dividend payout ratio (DPR) is presently 40.37%.

About Richards Packaging Income Fund

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.