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

Keg Royalties Income Fund (TSE:KEG.UN)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$14.77 and traded as low as C$14.70. Keg Royalties Income Fund shares last traded at C$14.80, with a volume of 2,022 shares traded.

Keg Royalties Income Fund Price Performance

The company has a fifty day simple moving average of C$15.24 and a 200 day simple moving average of C$14.77. The stock has a market capitalization of C$167.98 million, a price-to-earnings ratio of 12.23 and a beta of 1.37. The company has a debt-to-equity ratio of 12.62, a quick ratio of 2.11 and a current ratio of 0.04.

Keg Royalties Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.0946 per share. This represents a $1.14 dividend on an annualized basis and a yield of 7.67%. The ex-dividend date is Friday, December 20th. Keg Royalties Income Fund’s dividend payout ratio is presently 94.21%.

Insider Transactions at Keg Royalties Income Fund

In other Keg Royalties Income Fund news, Senior Officer Kenneth Joseph Grondin bought 13,300 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The shares were bought 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.

About Keg Royalties Income Fund

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.