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

Winpak Ltd. (TSE:WPK) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$42.58 and traded as low as C$41.23. Winpak shares last traded at C$41.53, with a volume of 43,775 shares traded.

Analyst Ratings Changes

WPK has been the subject of several recent research reports. National Bankshares lowered Winpak from an “outperform” rating to a “sector perform” rating and dropped their price target for the stock from C$52.00 to C$48.00 in a research report on Friday, July 25th. National Bank Financial lowered Winpak from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 24th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Winpak has an average rating of “Moderate Buy” and a consensus target price of C$50.67.

Winpak Price Performance

The company has a 50-day simple moving average of C$41.43 and a 200-day simple moving average of C$42.58. The firm has a market cap of C$2.55 billion, a PE ratio of 18.54, a price-to-earnings-growth ratio of 4.44 and a beta of 0.27.

Winpak Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Friday, October 10th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Wednesday, October 1st. Winpak’s payout ratio is 6.40%.

About Winpak

Winpak Ltd manufactures and sells a variety of packaging materials and related packaging machines. The packaging materials are used primarily for perishable foods, beverages, and healthcare applications. It operates in three segments: flexible packaging, rigid packaging & flexible lidding, and packaging machinery.