Richards Packaging Income Fund (TSE:RPI.UN) Hits New 52-Week Low – Should You Sell?

Richards Packaging Income Fund (TSE:RPI.UN) shares reached a new 52-week low during trading on Wednesday . The company traded as low as C$27.33 and last traded at C$27.60, with a volume of 6581 shares trading hands. The stock had previously closed at C$27.61.

Richards Packaging Income Fund Stock Performance

The stock has a market cap of C$301.40 million, a PE ratio of 8.41 and a beta of 0.47. The company has a fifty day moving average price of C$29.95 and a 200 day moving average price of C$30.25. The company has a quick ratio of 0.61, a current ratio of 1.62 and a debt-to-equity ratio of 24.16.

Richards Packaging Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, March 14th were given a $0.11 dividend. The ex-dividend date was Friday, February 28th. This represents a $1.32 annualized dividend and a yield of 4.80%. Richards Packaging Income Fund’s payout ratio is currently 40.37%.

About Richards Packaging Income Fund

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.