Winpak (TSE:WPK) Shares Cross Above 200-Day Moving Average – Should You Sell?

Winpak Ltd. (TSE:WPK) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$44.01 and traded as high as C$44.13. Winpak shares last traded at C$44.13, with a volume of 87,354 shares changing hands.

Winpak Stock Down 0.4%

The company has a market capitalization of C$2.60 billion, a PE ratio of 19.24, a price-to-earnings-growth ratio of 4.44 and a beta of 0.47. The firm has a 50-day moving average of C$43.15 and a two-hundred day moving average of C$44.01.

Winpak (TSE:WPK) last posted its earnings results 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 company had revenue of C$417.85 million for the quarter. On average, equities research analysts expect that Winpak Ltd. will post 3.5432473 EPS for the current year.

Winpak Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Friday, July 10th were issued 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 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.