Keg Royalties Income Fund (TSE:KEG.UN) Share Price Passes Below Two Hundred Day Moving Average – What’s Next?

Keg Royalties Income Fund (TSE:KEG.UN)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$14.77 and traded as low as C$14.70. Keg Royalties Income Fund shares last traded at C$14.80, with a volume of 2,022 shares trading hands.

Keg Royalties Income Fund Stock Down 0.7 %

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 company has a market cap of C$167.98 million, a PE ratio of 12.23 and a beta of 1.37. The business’s 50 day moving average is C$15.24 and its 200-day moving average is C$14.77.

Keg Royalties Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.0946 per share. The ex-dividend date of this dividend is Friday, December 20th. This represents a $1.14 annualized dividend and a dividend yield of 7.67%. Keg Royalties Income Fund’s dividend payout ratio is presently 94.21%.

Insider Buying and Selling

In other Keg Royalties Income Fund news, Senior Officer Kenneth Joseph Grondin acquired 13,300 shares of the stock in a transaction on Tuesday, December 10th. The shares were bought at an average cost of C$15.20 per share, with a total value of C$202,222.51. 50.30% of the stock is owned by company 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.