Keg Royalties Income Fund (TSE:KEG.UN) Stock Passes Below Two Hundred Day Moving Average – Should You Sell?

Shares of Keg Royalties Income Fund (TSE:KEG.UN) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$14.97 and traded as low as C$14.30. Keg Royalties Income Fund shares last traded at C$14.34, with a volume of 17,633 shares trading hands.

Keg Royalties Income Fund Stock Down 1.0 %

The company has a debt-to-equity ratio of 12.62, a current ratio of 0.04 and a quick ratio of 2.11. The stock has a market capitalization of C$162.76 million, a P/E ratio of 11.85 and a beta of 1.37. The stock’s fifty day moving average is C$14.92 and its two-hundred day moving average is C$14.97.

Keg Royalties Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.0946 per share. This represents a $1.14 annualized dividend and a dividend yield of 7.92%. The ex-dividend date of this dividend was Friday, December 20th. Keg Royalties Income Fund’s dividend payout ratio is presently 94.21%.

Insider Transactions at Keg Royalties Income Fund

In other news, Senior Officer Kenneth Joseph Grondin acquired 13,300 shares of the stock in a transaction on Tuesday, December 10th. The shares were purchased at an average cost of C$15.20 per share, for a total transaction of C$202,222.51. 50.30% of the stock is owned by insiders.

Keg Royalties Income Fund Company Profile

The Keg Royalties Income Fund operates as an unincorporated open-ended limited purpose trust. The company invests in The Keg Rights Limited Partnership, which owns the trademarks, trade names, operating procedures and systems, and other intellectual property used for the operation of Keg steakhouse restaurants and bars.