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

Corby Spirit and Wine Ltd (TSE:CSW.AGet Free Report) crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$14.76 and traded as high as C$15.15. Corby Spirit and Wine shares last traded at C$14.95, with a volume of 6,261 shares.

Corby Spirit and Wine Stock Down 0.5%

The company has a current ratio of 2.34, a quick ratio of 1.77 and a debt-to-equity ratio of 77.55. The company has a market cap of C$425.61 million, a price-to-earnings ratio of 12.89 and a beta of 0.32. The firm’s fifty day simple moving average is C$14.76 and its 200 day simple moving average is C$14.52.

Corby Spirit and Wine (TSE:CSW.AGet Free Report) last posted its quarterly earnings results on Thursday, May 14th. The company reported C$0.27 EPS for the quarter. Corby Spirit and Wine had a net margin of 10.41% and a return on equity of 13.22%. The company had revenue of C$58.27 million during the quarter. Sell-side analysts predict that Corby Spirit and Wine Ltd will post 0.99 earnings per share for the current year.

Corby Spirit and Wine Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Wednesday, June 10th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 6.4%. The ex-dividend date is Wednesday, May 27th. Corby Spirit and Wine’s payout ratio is 80.17%.

About Corby Spirit and Wine

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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.

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