Richards Packaging Income Fund (TSE:RPI.UN) Share Price Passes Below 50 Day Moving Average of $48.11

Richards Packaging Income Fund (TSE:RPI.UNGet Rating)’s stock price crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$48.11 and traded as low as C$46.78. Richards Packaging Income Fund shares last traded at C$48.80, with a volume of 3,306 shares changing hands.

The business’s 50 day moving average price is C$48.11 and its 200-day moving average price is C$51.96. The company has a debt-to-equity ratio of 100.03, a current ratio of 1.65 and a quick ratio of 0.54. The company has a market cap of C$540.08 million and a P/E ratio of 503.57.

The business also recently declared a monthly dividend, which was paid on Friday, May 13th. Investors of record on Friday, May 13th were issued a $0.11 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.68%. The ex-dividend date of this dividend was Thursday, April 28th. Richards Packaging Income Fund’s dividend payout ratio is currently 1,346.94%.

Richards Packaging Income Fund Company Profile (TSE:RPI.UN)

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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