Corby Spirit and Wine (TSE:CSW.A) Share Price Passes Above 50-Day Moving Average – Here’s What Happened

Corby Spirit and Wine Ltd (TSE:CSW.A)’s share price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$15.18 and traded as high as C$16.24. Corby Spirit and Wine shares last traded at C$15.82, with a volume of 13,832 shares traded.

Analyst Ratings Changes

Separately, Acumen Capital set a C$22.00 price objective on Corby Spirit and Wine and gave the company a “buy” rating in a research report on Tuesday, June 23rd. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of C$22.00.

Corby Spirit and Wine Stock Down 1.9%

The firm has a market cap of C$450.38 million, a PE ratio of 13.64 and a beta of 0.18. The company has a debt-to-equity ratio of 77.55, a quick ratio of 1.77 and a current ratio of 2.34. The company’s 50-day simple moving average is C$15.18 and its two-hundred day simple moving average is C$14.68.

Corby Spirit and Wine (TSE:CSW.A) last released its quarterly earnings data on Thursday, May 14th. The company reported C$0.27 earnings per share (EPS) for the quarter. The firm had revenue of C$58.27 million for the quarter. Corby Spirit and Wine had a net margin of 10.41% and a return on equity of 13.22%. On average, analysts predict that Corby Spirit and Wine Ltd will post 0.99 earnings per share for the current fiscal year.

Corby Spirit and Wine Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Wednesday, June 10th were paid a $0.24 dividend. The ex-dividend date of this dividend was Wednesday, May 27th. This represents a $0.96 annualized dividend and a dividend yield of 6.1%. Corby Spirit and Wine’s dividend payout ratio (DPR) is presently 80.17%.

About Corby Spirit and Wine

Corby Spirit and Wine Ltd is a Canadian manufacturer, marketer and importer of spirits and wines. The company derives its revenues from the sale of its owned-brands in Canada and other international markets, as well as earning commissions from the representation of selected non-owned brands in the Canadian marketplace. The company also supplements these primary sources of revenue with other ancillary activities incidental to its core business, such as logistics fees. The company has two reportable segments: Case Goods and Commissions.