Corby Spirit and Wine (TSE:CSW.A) Stock Passes Above Fifty Day Moving Average – What’s Next?

Corby Spirit and Wine Ltd (TSE:CSW.A) shares passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$15.18 and traded as high as C$16.24. Corby Spirit and Wine shares last traded at C$15.82, with a volume of 13,832 shares.

Wall Street Analyst Weigh In

Separately, Acumen Capital set a C$22.00 price target on Corby Spirit and Wine and gave the company a “buy” rating in a research report on Tuesday, June 23rd. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Corby Spirit and Wine currently has an average rating of “Buy” and an average price target of C$22.00.

Corby Spirit and Wine Stock Down 0.6%

The business has a 50-day moving average price of C$15.23 and a 200-day moving average price of C$14.71. The stock has a market cap of C$447.82 million, a PE ratio of 13.56 and a beta of 0.18. The company has a current ratio of 2.34, a quick ratio of 1.77 and a debt-to-equity ratio of 77.55.

Corby Spirit and Wine (TSE:CSW.A) last posted its quarterly earnings data on Thursday, May 14th. The company reported C$0.27 earnings per share for the quarter. The company had revenue of C$58.27 million during the quarter. Corby Spirit and Wine had a net margin of 10.41% and a return on equity of 13.22%. As a group, analysts forecast that Corby Spirit and Wine Ltd will post 0.99 earnings per share for the current year.

Corby Spirit and Wine Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Wednesday, June 10th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Wednesday, May 27th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 6.1%. Corby Spirit and Wine’s payout ratio is currently 80.17%.

About Corby Spirit and Wine

Corby Spirit and Wine Ltd is a Canadian manufacturer, marketer and importer of spirits and wines. The company derives its revenues from the sale of its owned-brands in Canada and other international markets, as well as earning commissions from the representation of selected non-owned brands in the Canadian marketplace. The company also supplements these primary sources of revenue with other ancillary activities incidental to its core business, such as logistics fees. The company has two reportable segments: Case Goods and Commissions.