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

Winpak Ltd. (TSE:WPK)’s stock price passed 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 changing hands.

Analyst Ratings Changes

WPK has been the topic of a number of recent analyst reports. National Bankshares cut Winpak from an “outperform” rating to a “sector perform” rating and decreased their price target for the company from C$52.00 to C$48.00 in a report on Friday, July 25th. National Bank Financial cut Winpak from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 24th. One investment 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’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$50.67.

Winpak Price Performance

The stock 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. The stock has a 50-day moving average price of C$41.43 and a two-hundred day moving average price of C$42.58.

Winpak Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Friday, October 10th were given a dividend of $0.05 per share. The ex-dividend date was Wednesday, October 1st. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.5%. Winpak’s dividend payout ratio (DPR) is presently 6.40%.

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.