Winpak (TSE:WPK) Stock Passes Above Fifty Day Moving Average – Should You Sell?

Winpak Ltd. (TSE:WPK)’s stock price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$41.21 and traded as high as C$44.13. Winpak shares last traded at C$43.72, with a volume of 31,277 shares traded.

Winpak Stock Performance

The business’s fifty day moving average price is C$41.21 and its 200-day moving average price is C$44.12. The stock has a market cap of C$2.56 billion, a PE ratio of 19.69, a P/E/G ratio of 4.44 and a beta of 0.46.

Winpak (TSE:WPK) last released 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 during the quarter. Winpak had a net margin of 11.93% and a return on equity of 10.32%. Analysts forecast that Winpak Ltd. will post 3.5432473 earnings per share for the current fiscal year.

Winpak Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Friday, July 10th will be paid a dividend of $0.05 per share. The ex-dividend date is Thursday, July 2nd. This represents a $0.20 dividend on an annualized basis and a yield of 0.5%. Winpak’s payout ratio is currently 6.53%.

Insider Buying and Selling at Winpak

In other news, insider Scott Mckenzie Taylor purchased 1,650 shares of the company’s stock in a transaction dated Monday, May 4th. The shares were purchased at an average cost of C$40.36 per share, for a total transaction of C$66,594.00. Following the purchase, the insider directly owned 4,400 shares in the company, valued at approximately C$177,584. This represents a 60.00% increase in their position. 57.46% of the stock is owned by insiders.

About Winpak

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.