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Richards Packaging Income Fund (TSE:RPI.UN) Share Price Passes Above 50-Day Moving Average - Here's Why

Richards Packaging Income Fund logo with Consumer Cyclical background

Shares of Richards Packaging Income Fund (TSE:RPI.UN - Get Free Report) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$31.12 and traded as high as C$32.90. Richards Packaging Income Fund shares last traded at C$32.89, with a volume of 374 shares.

Richards Packaging Income Fund Stock Performance

The stock has a market cap of C$361.13 million, a P/E ratio of 10.08 and a beta of 0.47. The company has a fifty day moving average price of C$31.22 and a 200 day moving average price of C$29.69. The company has a debt-to-equity ratio of 24.16, a current ratio of 1.62 and a quick ratio of 0.61.

Richards Packaging Income Fund Company Profile

(Get Free Report)

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.

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