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

Richards Packaging Income Fund (TSE:RPI.UNGet Free Report) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$30.83 and traded as low as C$29.88. Richards Packaging Income Fund shares last traded at C$29.97, with a volume of 13,127 shares trading hands.

Richards Packaging Income Fund Stock Performance

The company has a quick ratio of 0.61, a current ratio of 1.62 and a debt-to-equity ratio of 24.16. The business has a 50 day moving average price of C$31.08 and a 200 day moving average price of C$30.83. The stock has a market cap of C$328.47 million, a P/E ratio of 9.17 and a beta of 0.47.

Richards Packaging Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, November 14th. Investors of record on Thursday, November 14th will be issued a dividend of $0.11 per share. The ex-dividend date is Thursday, October 31st. This represents a $1.32 dividend on an annualized basis and a yield of 4.40%. Richards Packaging Income Fund’s payout ratio is 40.37%.

About Richards Packaging Income Fund

(Get Free Report)

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.

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