Corby Spirit and Wine (TSE:CSW.A) Share Price Passes Below 200-Day Moving Average – What’s Next?

Corby Spirit and Wine Ltd (TSE:CSW.A) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$13.21 and traded as low as C$12.80. Corby Spirit and Wine shares last traded at C$12.81, with a volume of 14,394 shares trading hands.

Corby Spirit and Wine Stock Performance

The stock has a market cap of C$310.90 million, a PE ratio of 15.25 and a beta of 0.27. The company has a debt-to-equity ratio of 77.55, a current ratio of 2.34 and a quick ratio of 1.77. The business has a 50 day moving average price of C$13.03 and a two-hundred day moving average price of C$13.21.

Corby Spirit and Wine Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 27th were paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 6.87%. The ex-dividend date was Wednesday, September 11th. This is a positive change from Corby Spirit and Wine’s previous quarterly dividend of $0.21. Corby Spirit and Wine’s dividend payout ratio is 104.76%.

About Corby Spirit and Wine

Corby Spirit and Wine Limited manufactures, markets, and distributes spirits and imported wines. Its portfolio of brands include J.P. Wiser's Canadian whiskies, Lamb's rum, Polar Ice vodka, Ungava Spirits, Foreign Affair, and McGuinness liqueurs; and international brands comprise ABSOLUT vodka, Chivas Regal, The Glenlivet and Ballantine's Scotch whiskies, Jameson Irish whiskey, Beefeater gin, Malibu rum, Kahlúa liqueur, and Mumm Champagne, as well as Jacob's Creek, Stoneleigh, Graffigna, Campo Viejo, and Wyndham Estate wines.