Winpak (TSE:WPK) Stock Crosses Below 200 Day Moving Average – Should You Sell?

Winpak Ltd. (TSE:WPK)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$44.40 and traded as low as C$40.19. Winpak shares last traded at C$40.34, with a volume of 36,470 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on WPK shares. BMO Capital Markets raised their target price on shares of Winpak from C$47.00 to C$52.00 and gave the stock a “market perform” rating in a report on Tuesday, February 24th. Canadian Imperial Bank of Commerce lowered Winpak from an “outperform” rating to a “hold” rating and lowered their target price for the company from C$53.00 to C$52.00 in a report on Tuesday, February 24th. Finally, National Bank Financial increased their price target on Winpak from C$48.00 to C$49.00 and gave the stock a “sector perform” rating in a research report on Wednesday, February 25th. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of C$51.00.

Winpak Stock Down 0.8%

The firm’s 50-day moving average price is C$42.16 and its 200 day moving average price is C$44.40. The firm has a market cap of C$2.37 billion, a P/E ratio of 18.17, a price-to-earnings-growth ratio of 4.44 and a beta of 0.57.

Winpak (TSE:WPK) last issued its quarterly earnings data on Wednesday, April 29th. The company reported C$0.74 earnings per share for the quarter. The firm had revenue of C$389.30 million for the quarter. Winpak had a net margin of 11.93% and a return on equity of 10.32%. On average, equities analysts predict that Winpak Ltd. will post 3.5432473 earnings per share for the current year.

Winpak Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 10th. Stockholders of record on Friday, April 10th were given a dividend of $0.05 per share. The ex-dividend date was Wednesday, April 1st. This represents a $0.20 annualized dividend and a dividend yield of 0.5%. Winpak’s payout ratio is currently 6.53%.

Insider Transactions at Winpak

In other Winpak news, insider Scott Mckenzie Taylor acquired 1,650 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The stock was acquired at an average cost of C$40.36 per share, with a total value of C$66,594.00. Following the acquisition, the insider directly owned 4,400 shares of the company’s stock, valued at C$177,584. This represents a 60.00% increase in their position. 57.46% of the stock is owned by company insiders.

Winpak Company Profile

Winpak’s vision is to provide the best packaging solutions for people and planet. Winpak manufactures and distributes high-quality packaging materials and innovative packaging machines, primarily used for the protection of perishable foods, beverages, pharmaceuticals, medical and personal care. Winpak specializes in three main streams of packaging – Flexible Packaging, Rigid Packaging & Lidding, and Packaging Machinery. The Company is closely aligned with Wipak, one of Europe’s leading manufacturers of packaging materials.