Winpak (OTCMKTS:WIPKF) Shares Climb 1.6% – Here’s What Happened

Winpak Ltd. (OTCMKTS:WIPKF)’s stock price was up 1.6% during mid-day trading on Tuesday. The stock traded as high as $32.1845 and last traded at $32.1845. Approximately 2,781 shares were traded during mid-day trading, a decline of 80% from the average session volume of 13,800 shares. The stock had previously closed at $31.6850.

Analysts Set New Price Targets

Several brokerages have commented on WIPKF. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of Winpak in a report on Monday, July 13th. BMO Capital Markets reiterated a “market perform” rating on shares of Winpak in a research note on Monday, July 27th. Two analysts have rated the stock with a Hold rating. According to data from MarketBeat, the company has a consensus rating of “Hold”.

Winpak Trading Up 1.6%

The firm has a 50-day simple moving average of $31.37 and a 200-day simple moving average of $30.90.

Winpak Company Profile

Winpak Ltd. is a Canadian manufacturer of packaging materials and packaging machinery for the food, beverage, healthcare and other consumer-product industries. The company develops packaging designed to protect products, extend shelf life and support efficient processing and distribution.

Its product portfolio includes flexible packaging, films, pouches, bags, lidding materials, rigid containers, trays, cups, specialty packaging and closures. Winpak also supplies equipment used in packaging and processing applications, including machinery for filling, sealing and handling packaged products.

Founded in 1977 and headquartered in Winnipeg, Manitoba, Winpak serves customers primarily across North America, with operations and sales activities supporting international markets.