Corby Spirit and Wine (TSE:CSW.A) Stock Crosses Below Two Hundred Day Moving Average – Should You Sell?

Corby Spirit and Wine Ltd (TSE:CSW.A) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$14.47 and traded as low as C$13.39. Corby Spirit and Wine shares last traded at C$13.43, with a volume of 28,411 shares changing hands.

Corby Spirit and Wine Price Performance

The company’s fifty day moving average is C$14.51 and its two-hundred day moving average is C$14.47. The firm has a market capitalization of C$382.34 million, a price-to-earnings ratio of 13.99 and a beta of 0.17. The company has a quick ratio of 1.77, a current ratio of 2.34 and a debt-to-equity ratio of 77.55.

Corby Spirit and Wine Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 26th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 6.9%. The ex-dividend date was Wednesday, September 10th. Corby Spirit and Wine’s dividend payout ratio is currently 93.75%.

Corby Spirit and Wine Company Profile

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.