Winpak (TSE:WPK) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

Winpak Ltd. (TSE:WPK) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$42.88 and traded as high as C$43.84. Winpak shares last traded at C$43.36, with a volume of 31,597 shares trading hands.

Analyst Upgrades and Downgrades

WPK has been the topic of several recent analyst reports. National Bank Financial lowered shares of Winpak from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 24th. National Bankshares cut Winpak from an “outperform” rating to a “sector perform” rating and dropped their price objective for the company from C$52.00 to C$48.00 in a research note on Friday, July 25th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Winpak currently has a consensus rating of “Moderate Buy” and a consensus price target of C$50.00.

Winpak Stock Performance

The company has a 50 day moving average of C$41.90 and a 200 day moving average of C$42.88. The stock has a market capitalization of C$2.63 billion, a price-to-earnings ratio of 19.44, a PEG ratio of 4.44 and a beta of 0.34.

Winpak (TSE:WPK) last announced its quarterly earnings data on Wednesday, October 22nd. The company reported C$60.00 EPS for the quarter. The company had revenue of C$394.42 million for the quarter. Winpak had a net margin of 13.17% and a return on equity of 10.82%. As a group, research analysts expect that Winpak Ltd. will post 3.5432473 EPS for the current fiscal year.

Winpak Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Friday, October 10th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Wednesday, October 1st. Winpak’s payout ratio is presently 6.38%.

Winpak Company Profile

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.