Richards Packaging Income Fund (TSE:RPI.UN) Hits New 12-Month High at $50.02

Richards Packaging Income Fund (TSE:RPI.UN) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as C$50.02 and last traded at C$50.00, with a volume of 239 shares changing hands. The stock had previously closed at C$50.20.

The company has a current ratio of 1.70, a quick ratio of 0.68 and a debt-to-equity ratio of 56.70. The stock has a market capitalization of $561.50 million and a price-to-earnings ratio of 20.72. The firm has a 50-day moving average of C$46.96 and a 200 day moving average of C$43.14.

In related news, Director Gerard Walter Glynn sold 41,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of C$45.73, for a total value of C$1,874,930.00. Following the sale, the director now directly owns 575,436 shares in the company, valued at approximately C$26,314,688.28.

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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