Richards Packaging Income Fund (TSE:RPI.UN) Stock Crosses Below 200 Day Moving Average of $34.05

Richards Packaging Income Fund (TSE:RPI.UN) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$34.05 and traded as low as C$32.57. Richards Packaging Income Fund shares last traded at C$32.59, with a volume of 3,330 shares trading hands.

Richards Packaging Income Fund Price Performance

The company has a debt-to-equity ratio of 38.33, a current ratio of 1.67 and a quick ratio of 0.61. The stock has a 50 day moving average price of C$33.22 and a two-hundred day moving average price of C$34.05. The firm has a market capitalization of C$357.19 million, a price-to-earnings ratio of 10.45 and a beta of 0.42.

Richards Packaging Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, April 12th were paid a $0.11 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.05%. Richards Packaging Income Fund’s payout ratio is presently 42.31%.

Insider Buying and Selling

In related news, Director Donald Arthur Wright sold 4,300 shares of the business’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of C$32.11, for a total transaction of C$138,073.00. Following the completion of the transaction, the director now directly owns 200 shares of the company’s stock, valued at approximately C$6,422. 25.50% of the stock is currently owned by insiders.

Richards Packaging Income Fund Company Profile

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.