Richards Packaging Income Fund (TSE:RPI.UN) Stock Crosses Above Fifty Day Moving Average – Should You Sell?

Richards Packaging Income Fund (TSE:RPI.UN)’s share price crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$29.82 and traded as high as C$30.70. Richards Packaging Income Fund shares last traded at C$30.43, with a volume of 20,440 shares changing hands.

Wall Street Analysts Forecast Growth

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

Richards Packaging Income Fund Price Performance

The stock has a market capitalization of C$345.17 million, a PE ratio of 15.93 and a beta of 0.65. The firm’s fifty day moving average price is C$29.78 and its two-hundred day moving average price is C$31.75. 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 company also recently declared a monthly dividend, which was paid on Friday, December 12th. Stockholders of record on Friday, December 12th were issued a dividend of $0.11 per share. This represents a c) annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend was Friday, November 28th. Richards Packaging Income Fund’s dividend payout ratio is presently 69.11%.

About Richards Packaging Income Fund

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.