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Richards Packaging Income Fund (TSE:RPI.UN) Stock Price Crosses Below 50-Day Moving Average - What's Next?

Richards Packaging Income Fund logo with Consumer Cyclical background

Richards Packaging Income Fund (TSE:RPI.UN - Get Free Report) shares crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$27.55 and traded as low as C$27.24. Richards Packaging Income Fund shares last traded at C$27.48, with a volume of 2,671 shares.

Richards Packaging Income Fund Price Performance

The business has a fifty day moving average of C$27.55 and a 200-day moving average of C$29.24. 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 firm has a market cap of C$301.18 million, a PE ratio of 8.40 and a beta of 0.47.

Richards Packaging Income Fund Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, March 14th were issued a $0.11 dividend. The ex-dividend date was Friday, February 28th. This represents a $1.32 annualized dividend and a dividend yield of 4.80%. Richards Packaging Income Fund's payout ratio is currently 40.37%.

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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