Winpak (TSE:WPK) Share Price Breaks Below 200 Day Moving Average – Time to Sell?

Winpak Ltd. (TSE:WPK)’s stock price crossed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of C$43.09 and traded as low as C$42.68. Winpak shares last traded at C$42.73, with a volume of 48,853 shares traded.

Winpak Price Performance

The firm has a market cap of C$2.52 billion, a PE ratio of 18.68, a price-to-earnings-growth ratio of 4.44 and a beta of 0.46. The firm has a 50-day simple moving average of C$43.78 and a 200 day simple moving average of C$43.07.

Winpak (TSE:WPK) last posted its quarterly earnings data on Thursday, July 23rd. The company reported C$0.81 earnings per share for the quarter. The company 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%. Sell-side analysts forecast that Winpak Ltd. will post 3.5432473 earnings per share for the current fiscal year.

Winpak Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Friday, October 9th will be paid a $0.05 dividend. The ex-dividend date is Thursday, October 1st. This represents a $0.20 annualized dividend and a dividend yield of 0.5%. 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.