Corby Spirit and Wine (TSE:CSW.A) Shares Cross Above 50 Day Moving Average – Should You Sell?

Corby Spirit and Wine Ltd (TSE:CSW.A) crossed above its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of C$15.57 and traded as high as C$15.69. Corby Spirit and Wine shares last traded at C$15.69, with a volume of 18,464 shares.

Analyst Ratings Changes

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

Corby Spirit and Wine Stock Up 0.1%

The stock has a market cap of C$443.83 million, a price-to-earnings ratio of 13.32 and a beta of 0.05. The stock has a 50 day simple moving average of C$15.54 and a 200 day simple moving average of C$15.37. The company has a quick ratio of 1.77, a current ratio of 2.34 and a debt-to-equity ratio of 77.55.

Corby Spirit and Wine (TSE:CSW.A) last posted its quarterly earnings results on Wednesday, August 26th. The company reported C$0.26 earnings per share (EPS) for the quarter. Corby Spirit and Wine had a net margin of 10.41% and a return on equity of 13.22%. The business had revenue of C$71.07 million during the quarter. As a group, analysts expect that Corby Spirit and Wine Ltd will post 0.99 earnings per share for the current fiscal year.

Corby Spirit and Wine Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 25th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, September 11th. This is a boost from Corby Spirit and Wine’s previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a dividend yield of 6.4%. Corby Spirit and Wine’s payout ratio is presently 80.34%.

Corby Spirit and Wine Company Profile

Corby Spirit and Wine Limited (‘Corby’) is a leading Canadian manufacturer, marketer and distributor of spirits, wines and ready-to-drink beverages. Corby’s portfolio of owned-brands includes some of the most renowned brands in Canada, including J.P. Wiser’s, Lot 40, and Pike Creek Canadian whiskies, Polar Ice vodka, Lamb’s rum, and McGuinness liqueurs, Cottage Springs and Nude ready-to-drink beverages, as well as Ungava gin, Cabot Trail maple-based liqueurs, and Foreign Affair wines. Pernod Ricard SA indirectly owns in excess of 50% of Corby’s issued and outstanding voting common shares and is considered to be Corby’s ultimate parent.