Richards Packaging Income Fund (TSE:RPI.UN) Share Price Crosses Above Fifty Day Moving Average – Time to Sell?

Richards Packaging Income Fund (TSE:RPI.UN) shares crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$33.05 and traded as high as C$34.00. Richards Packaging Income Fund shares last traded at C$33.69, with a volume of 2,802 shares trading hands.

Wall Street Analyst Weigh In

Separately, National Bankshares set a C$43.00 target price on shares of Richards Packaging Income Fund and gave the company an “outperform” rating in a research report on Friday, September 12th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of C$43.00.

Richards Packaging Income Fund Stock Down 0.9%

The company’s 50-day moving average is C$33.05 and its 200 day moving average is C$30.96. The stock has a market capitalization of C$369.07 million, a PE ratio of 15.38 and a beta of 0.68. The company has a current ratio of 1.62, a quick ratio of 0.61 and a debt-to-equity ratio of 24.16.

Richards Packaging Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, October 14th. Shareholders of record on Tuesday, October 14th will be issued a $0.11 dividend. The ex-dividend date of this dividend is Monday, September 29th. This represents a c) dividend on an annualized basis and a dividend yield of 3.9%. Richards Packaging Income Fund’s dividend payout ratio (DPR) is currently 60.27%.

About Richards Packaging Income Fund

RICHARDS Packaging business model has changed. Originally a manufacturer of glass containers for pharmacies, RICHARDS has become a major North American manufacturer and distributor of containers for the food, pharmaceutical, health & beauty and industrial sectors. While continuing to grow and expand into different areas of healthcare.