Richards Packaging Income Fund (TSE:RPI.UN) Stock Crosses Below 200-Day Moving Average - Time to Sell?

Richards Packaging Income Fund (TSE:RPI.UN - Get Free Report) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$29.54 and traded as low as C$27.53. Richards Packaging Income Fund shares last traded at C$27.53, with a volume of 4,185 shares changing hands.

Richards Packaging Income Fund Price Performance

The company has a quick ratio of 0.61, a current ratio of 1.62 and a debt-to-equity ratio of 24.16. The stock's 50 day moving average price is C$27.90 and its two-hundred day moving average price is C$29.46. The stock has a market cap of C$304.14 million, a price-to-earnings ratio of 8.49 and a beta of 0.47.

Richards Packaging Income Fund Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, March 14th. Investors of record on Friday, March 14th were paid a $0.11 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.32 dividend on an annualized basis and a yield of 4.76%. Richards Packaging Income Fund's dividend payout ratio is currently 40.37%.

Richards Packaging Income Fund Company Profile

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.