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

Richards Packaging Income Fund (TSE:RPI.UN)’s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$34.05 and traded as low as C$32.65. Richards Packaging Income Fund shares last traded at C$32.83, with a volume of 970 shares changing 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 firm has a market capitalization of C$359.82 million, a P/E ratio of 10.52 and a beta of 0.42. The firm’s 50 day simple moving average is C$33.34 and its two-hundred day simple moving average is C$34.05.

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 dividend of $0.11 per share. This represents a $1.32 annualized dividend and a dividend yield of 4.02%. The ex-dividend date of this dividend was Wednesday, March 27th. Richards Packaging Income Fund’s dividend payout ratio (DPR) is 42.31%.

Insider Activity at Richards Packaging Income Fund

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