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) shares passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$14.98 and traded as low as C$14.02. Keg Royalties Income Fund shares last traded at C$14.25, with a volume of 7,272 shares.

Keg Royalties Income Fund Price Performance

The stock has a market capitalization of C$161.74 million, a P/E ratio of 11.78 and a beta of 1.37. The business’s 50 day simple moving average is C$14.81 and its two-hundred day simple moving average is C$14.98. The company has a quick ratio of 2.11, a current ratio of 0.04 and a debt-to-equity ratio of 12.62.

Keg Royalties Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were given a $0.0946 dividend. The ex-dividend date of this dividend was Friday, December 20th. This represents a $1.14 annualized dividend and a yield of 7.97%. Keg Royalties Income Fund’s payout ratio is 94.21%.

Insiders Place Their Bets

In other news, Senior Officer Kenneth Joseph Grondin bought 13,300 shares of the stock in a transaction dated Tuesday, December 10th. The stock was 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.

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.