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

Keg Royalties Income Fund (TSE:KEG.UN)’s share 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 traded.

Keg Royalties Income Fund Price Performance

The firm has a market cap of C$167.98 million, a price-to-earnings ratio of 12.23 and a beta of 1.37. The company has a current ratio of 0.04, a quick ratio of 2.11 and a debt-to-equity ratio of 12.62. The company’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 firm also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st will be paid a $0.0946 dividend. The ex-dividend date is Friday, December 20th. This represents a $1.14 annualized dividend and a dividend yield of 7.67%. Keg Royalties Income Fund’s payout ratio is 94.21%.

Insider Transactions at Keg Royalties Income Fund

In related news, Senior Officer Kenneth Joseph Grondin acquired 13,300 shares of the stock in a transaction that occurred on Tuesday, December 10th. The stock was acquired 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.