Keg Royalties Income Fund (TSE:KEG.UN) Stock Passes Below 200 Day Moving Average – Here’s What Happened

Keg Royalties Income Fund (TSE:KEG.UN)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$14.95 and traded as low as C$14.35. Keg Royalties Income Fund shares last traded at C$14.55, with a volume of 11,855 shares trading hands.

Keg Royalties Income Fund Stock Up 1.6 %

The company has a market cap of C$165.14 million, a PE ratio of 12.02 and a beta of 1.37. The firm has a 50-day simple moving average of C$14.69 and a two-hundred day simple moving average of C$14.95. The company has a debt-to-equity ratio of 12.62, a current ratio of 0.04 and a quick ratio of 2.11.

Keg Royalties Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were paid a $0.0946 dividend. This represents a $1.14 annualized dividend and a yield of 7.80%. The ex-dividend date was Friday, December 20th. Keg Royalties Income Fund’s payout ratio is 94.21%.

Insider Buying and Selling at Keg Royalties Income Fund

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

Keg Royalties Income Fund Company Profile

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.