Winpak (TSE:WPK) Shares Pass Above 200-Day Moving Average – Time to Sell?

Shares of Winpak Ltd. (TSE:WPK) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$44.01 and traded as high as C$44.14. Winpak shares last traded at C$43.85, with a volume of 74,805 shares trading hands.

Winpak Stock Down 0.5%

The firm’s fifty day moving average price is C$44.03 and its 200-day moving average price is C$43.99. The stock has a market cap of C$2.58 billion, a P/E ratio of 19.12, a PEG ratio of 4.44 and a beta of 0.47.

Winpak (TSE:WPK) last posted its quarterly earnings results on Thursday, July 23rd. The company reported C$0.81 EPS for the quarter. The company had revenue of C$417.85 million during the quarter. Winpak had a net margin of 12.01% and a return on equity of 10.41%. Sell-side analysts predict that Winpak Ltd. will post 3.5432473 earnings per share for the current year.

Winpak Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Friday, July 10th were given a $0.05 dividend. The ex-dividend date was Thursday, July 2nd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.5%. Winpak’s payout ratio is presently 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.