Richards Packaging Income Fund (TSE:RPI.UN) Hits New 52-Week Low – Time to Sell?

Shares of Richards Packaging Income Fund (TSE:RPI.UN) hit a new 52-week low during trading on Wednesday . The stock traded as low as C$27.33 and last traded at C$27.60, with a volume of 6581 shares. The stock had previously closed at C$27.61.

Richards Packaging Income Fund Stock Down 2.8 %

The company has a debt-to-equity ratio of 24.16, a quick ratio of 0.61 and a current ratio of 1.62. The stock has a market capitalization of C$301.62 million, a price-to-earnings ratio of 8.42 and a beta of 0.47. The firm’s fifty day simple moving average is C$29.88 and its 200 day simple moving average is C$30.22.

Richards Packaging Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, March 14th were issued a dividend of $0.11 per share. The ex-dividend date was Friday, February 28th. This represents a $1.32 annualized dividend and a yield of 4.80%. Richards Packaging Income Fund’s dividend payout ratio (DPR) is currently 40.37%.

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.