Winpak (TSE:WPK) Shares Pass Above Two Hundred Day Moving Average – Should You Sell?

Winpak Ltd. (TSE:WPKGet Free Report)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$44.08 and traded as high as C$44.71. Winpak shares last traded at C$43.97, with a volume of 91,134 shares trading hands.

Winpak Price Performance

The firm has a market capitalization of C$2.58 billion, a price-to-earnings ratio of 19.12, a price-to-earnings-growth ratio of 4.44 and a beta of 0.46. The business has a fifty day moving average price of C$42.71 and a two-hundred day moving average price of C$44.08.

Winpak (TSE:WPKGet Free Report) last released its earnings results on Thursday, July 23rd. The company reported C$0.81 EPS for the quarter. The firm had revenue of C$417.85 million during the quarter. Winpak had a return on equity of 10.41% and a net margin of 12.01%. On average, research 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, July 10th. Shareholders of record on Friday, July 10th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.5%. The ex-dividend date was Thursday, July 2nd. Winpak’s payout ratio is presently 6.24%.

Insider Activity at Winpak

In other Winpak news, insider Scott Mckenzie Taylor acquired 1,650 shares of the company’s stock in a transaction dated Monday, May 4th. The shares were 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 approximately C$177,584. The trade was a 60.00% increase in their ownership of the stock. 57.46% of the stock is owned by company insiders.

About Winpak

(Get Free Report)

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.

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