Winpak (TSE:WPK) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Winpak Ltd. (TSE:WPK)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$43.80 and traded as high as C$44.69. Winpak shares last traded at C$44.60, with a volume of 124,897 shares changing hands.

Winpak Stock Down 0.4%

The stock’s 50 day moving average price is C$44.26 and its two-hundred day moving average price is C$43.80. The firm has a market capitalization of C$2.61 billion, a price-to-earnings ratio of 19.32, a P/E/G ratio of 4.44 and a beta of 0.46.

Winpak (TSE:WPK) last released its quarterly earnings data on Thursday, July 23rd. The company reported C$0.81 earnings per share (EPS) for the quarter. Winpak had a return on equity of 10.41% and a net margin of 12.01%.The firm had revenue of C$417.85 million during the quarter. On average, equities analysts expect that Winpak Ltd. will post 3.5432473 EPS for the current fiscal year.

Winpak Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Friday, July 10th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Thursday, July 2nd. Winpak’s payout ratio is currently 6.24%.

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.