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

Richards Packaging Income Fund (TSE:RPI.UN) crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$33.05 and traded as high as C$34.00. Richards Packaging Income Fund shares last traded at C$33.69, with a volume of 2,802 shares changing hands.

Analyst Ratings Changes

Separately, National Bankshares set a C$43.00 target price on shares of Richards Packaging Income Fund and gave the stock an “outperform” rating in a report on Friday, September 12th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of C$43.00.

Richards Packaging Income Fund Stock Down 0.9%

The company has a market cap of C$369.07 million, a PE ratio of 15.38 and a beta of 0.68. The company has a fifty day moving average of C$33.05 and a two-hundred day moving average of C$30.96. 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 Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, October 14th. Investors of record on Tuesday, October 14th will be issued a dividend of $0.11 per share. This represents a c) annualized dividend and a yield of 3.9%. The ex-dividend date is Monday, September 29th. Richards Packaging Income Fund’s dividend payout ratio is presently 60.27%.

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.