Winpak (TSE:WPK) Stock Passes Above 200 Day Moving Average – Time to Sell?

Winpak Ltd. (TSE:WPK)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$44.00 and traded as high as C$44.90. Winpak shares last traded at C$44.51, with a volume of 58,561 shares.

Winpak Stock Performance

The firm has a market cap of C$2.62 billion, a P/E ratio of 19.40, a P/E/G ratio of 4.44 and a beta of 0.47. The firm has a fifty day moving average of C$43.63 and a 200-day moving average of C$44.01.

Winpak (TSE:WPK) last issued its quarterly earnings data on Thursday, July 23rd. The company reported C$0.81 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. Equities research analysts expect that Winpak Ltd. will post 3.5432473 earnings per share for the current year.

Winpak Announces Dividend

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. The ex-dividend date of this dividend was Thursday, July 2nd. This represents a $0.20 annualized dividend and a dividend yield of 0.4%. Winpak’s payout ratio is 6.24%.

Winpak Company Profile

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.