Winpak (TSE:WPK) Share Price Crosses Below 200-Day Moving Average – Should You Sell?

Winpak Ltd. (TSE:WPK)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$46.76 and traded as low as C$45.11. Winpak shares last traded at C$45.35, with a volume of 45,968 shares changing hands.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on WPK shares. National Bankshares set a C$55.00 target price on shares of Winpak and gave the stock an “outperform” rating in a report on Thursday, September 26th. BMO Capital Markets lifted their target price on Winpak from C$50.00 to C$52.00 in a report on Friday, October 25th. Finally, CIBC increased their price target on Winpak from C$53.00 to C$54.00 in a research note on Monday, October 28th.

Winpak Price Performance

The stock has a market capitalization of C$2.86 billion, a P/E ratio of 14.92, a price-to-earnings-growth ratio of 4.44 and a beta of 0.21. The business has a fifty day simple moving average of C$47.69 and a 200 day simple moving average of C$46.76. The company has a current ratio of 8.95, a quick ratio of 4.69 and a debt-to-equity ratio of 0.82.

Winpak (TSE:WPK) last released its quarterly earnings results on Thursday, October 24th. The company reported C$0.83 earnings per share for the quarter, meeting analysts’ consensus estimates of C$0.83. Winpak had a net margin of 12.90% and a return on equity of 10.62%. On average, analysts expect that Winpak Ltd. will post 3.5432473 earnings per share for the current year.

Winpak Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, January 10th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date was Thursday, January 2nd. Winpak’s dividend payout ratio (DPR) is currently 6.58%.

Winpak Company Profile

Winpak Ltd. manufactures and distributes packaging materials and related packaging machines in the United States, Canada, and Mexico. The company operates is Flexible Packaging, Rigid Packaging and Flexible Lidding, and Packaging Machinery segments. The Flexible Packaging segment provides modified atmosphere packaging products for fresh and processed meats, poultry, cheese, medical device packaging, high-performance pouch, and high-barrier films for converting applications; specialty films, including barrier and non-barrier films converting applications, such as printing, laminating and bag making, as well as shrink bags; and biaxially oriented nylon films for food packaging and industrial applications.