Richards Packaging Income Fund (TSE:RPI.UN) Share Price Crosses Below 200-Day Moving Average of $34.05

Richards Packaging Income Fund (TSE:RPI.UN)’s stock price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$34.05 and traded as low as C$32.65. Richards Packaging Income Fund shares last traded at C$32.83, with a volume of 970 shares trading hands.

Richards Packaging Income Fund Trading Up 1.7 %

The company has a 50 day moving average of C$33.33 and a 200 day moving average of C$34.06. The company has a debt-to-equity ratio of 38.33, a quick ratio of 0.61 and a current ratio of 1.67. The stock has a market capitalization of C$366.06 million, a price-to-earnings ratio of 10.71 and a beta of 0.42.

Richards Packaging Income Fund Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, April 12th were issued a $0.11 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.95%. Richards Packaging Income Fund’s dividend payout ratio (DPR) is 42.31%.

Insider Transactions at Richards Packaging Income Fund

In related news, Director Donald Arthur Wright sold 4,300 shares of the company’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of C$32.11, for a total value of C$138,073.00. Following the completion of the transaction, the director now directly owns 200 shares in the company, valued at C$6,422. Insiders own 25.50% of the company’s stock.

About Richards Packaging Income Fund

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.