Richards Packaging Income Fund (TSE:RPI.UN) Stock Price Passes Below 200 Day Moving Average – Here’s What Happened

Richards Packaging Income Fund (TSE:RPI.UN) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$30.63 and traded as low as C$29.03. Richards Packaging Income Fund shares last traded at C$29.03, with a volume of 5,560 shares traded.

Richards Packaging Income Fund Trading Down 2.2 %

The stock has a market capitalization of C$318.17 million, a price-to-earnings ratio of 8.88 and a beta of 0.47. The company has a current ratio of 1.62, a quick ratio of 0.61 and a debt-to-equity ratio of 24.16. The company has a fifty day moving average of C$30.29 and a two-hundred day moving average of C$30.62.

Richards Packaging Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 14th were paid a $0.11 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.55%. The ex-dividend date of this dividend was Friday, January 31st. Richards Packaging Income Fund’s payout ratio is 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.