Keg Royalties Income Fund (TSE:KEG.UN) Stock Crosses Below 200-Day Moving Average – What’s Next?

Shares of Keg Royalties Income Fund (TSE:KEG.UN) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred 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 Stock Down 0.6 %

The business’s fifty day moving average price is C$15.05 and its two-hundred day moving average price is C$14.87. The stock has a market capitalization of C$168.21 million, a PE ratio of 12.25 and a beta of 1.37. 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 firm also recently announced a monthly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were given a dividend of $0.0946 per share. The ex-dividend date was Friday, December 20th. This represents a $1.14 dividend on an annualized basis and a yield of 7.66%. Keg Royalties Income Fund’s dividend payout ratio is presently 94.21%.

Insider Buying and Selling at Keg Royalties Income Fund

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

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.