Richards Packaging Income Fund (TSE:RPI.UN) Shares Pass Below 200 Day Moving Average – Here’s Why

Shares of Richards Packaging Income Fund (TSE:RPI.UNGet Free Report) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$31.85 and traded as low as C$27.76. Richards Packaging Income Fund shares last traded at C$28.10, with a volume of 14,641 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, National Bankshares set a C$43.00 price objective on shares of Richards Packaging Income Fund and gave the stock an “outperform” rating in a research report on Friday, September 12th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of C$43.00.

Read Our Latest Stock Analysis on Richards Packaging Income Fund

Richards Packaging Income Fund Stock Up 0.3%

The business has a 50-day simple moving average of C$30.91 and a two-hundred day simple moving average of C$31.85. The company has a market capitalization of C$318.74 million, a price-to-earnings ratio of 14.71 and a beta of 0.65. The company has a debt-to-equity ratio of 24.16, a quick ratio of 0.61 and a current ratio of 1.62.

Richards Packaging Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, December 12th will be issued a dividend of $0.11 per share. The ex-dividend date of this dividend is Friday, November 28th. This represents a c) annualized dividend and a dividend yield of 4.7%. Richards Packaging Income Fund’s dividend payout ratio (DPR) is currently 69.11%.

Richards Packaging Income Fund Company Profile

(Get Free Report)

RICHARDS Packaging business model has changed. Originally a manufacturer of glass containers for pharmacies, RICHARDS has become a major North American manufacturer and distributor of containers for the food, pharmaceutical, health & beauty and industrial sectors. While continuing to grow and expand into different areas of healthcare.

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