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Richards Packaging Income Fund (TSE:RPI.UN) Shares Pass Above 50 Day Moving Average - Time to Sell?

Richards Packaging Income Fund logo with Consumer Cyclical background

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$28.06 and traded as high as C$31.29. Richards Packaging Income Fund shares last traded at C$31.11, with a volume of 32,199 shares traded.

Richards Packaging Income Fund Trading Up 1.2%

The company has a fifty day moving average of C$28.13 and a 200-day moving average of C$29.09. The company has a debt-to-equity ratio of 24.16, a current ratio of 1.62 and a quick ratio of 0.61. The firm has a market capitalization of C$339.76 million, a PE ratio of 9.48 and a beta of 0.47.

About Richards Packaging Income Fund

(Get Free Report)

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.

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