Keg Royalties Income Fund (TSE:KEG.UN) Shares Cross Below Two Hundred Day Moving Average – Here’s Why

Keg Royalties Income Fund (TSE:KEG.UN) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$14.85 and traded as low as C$14.75. Keg Royalties Income Fund shares last traded at C$14.82, with a volume of 13,249 shares traded.

Keg Royalties Income Fund Price Performance

The company has a debt-to-equity ratio of 12.62, a current ratio of 0.04 and a quick ratio of 2.11. The stock has a market capitalization of C$168.21 million, a price-to-earnings ratio of 12.25 and a beta of 1.37. The company has a 50-day simple moving average of C$15.06 and a two-hundred day simple moving average of C$14.85.

Keg Royalties Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were issued a $0.0946 dividend. The ex-dividend date was Friday, December 20th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 7.66%. Keg Royalties Income Fund’s dividend payout ratio (DPR) is presently 94.21%.

Insider Activity at Keg Royalties Income Fund

In other Keg Royalties Income Fund news, Senior Officer Kenneth Joseph Grondin purchased 13,300 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The stock was bought at an average price of C$15.20 per share, with a total value of C$202,222.51. 50.30% of the stock is currently owned by insiders.

About Keg Royalties Income Fund

The Keg Royalties Income Fund operates as an unincorporated open-ended limited purpose trust. The company invests in The Keg Rights Limited Partnership, which owns the trademarks, trade names, operating procedures and systems, and other intellectual property used for the operation of Keg steakhouse restaurants and bars.