Winpak (TSE:WPK) Stock Crosses Below 200 Day Moving Average – Should You Sell?

Shares of Winpak Ltd. (TSE:WPK) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$44.40 and traded as low as C$40.19. Winpak shares last traded at C$40.34, with a volume of 36,470 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on WPK shares. Canadian Imperial Bank of Commerce cut Winpak from an “outperform” rating to a “hold” rating and decreased their price target for the stock from C$53.00 to C$52.00 in a report on Tuesday, February 24th. National Bank Financial lifted their price objective on shares of Winpak from C$48.00 to C$49.00 and gave the company a “sector perform” rating in a research note on Wednesday, February 25th. Finally, BMO Capital Markets boosted their target price on shares of Winpak from C$47.00 to C$52.00 and gave the stock a “market perform” rating in a research report on Tuesday, February 24th. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Winpak has a consensus rating of “Hold” and a consensus target price of C$51.00.

Winpak Price Performance

The firm’s fifty day moving average is C$42.16 and its 200-day moving average is C$44.40. The stock has a market capitalization of C$2.37 billion, a price-to-earnings ratio of 18.17, a PEG ratio of 4.44 and a beta of 0.57.

Winpak (TSE:WPK) last announced its quarterly earnings data on Wednesday, April 29th. The company reported C$0.74 earnings per share for the quarter. Winpak had a return on equity of 10.32% and a net margin of 11.93%.The firm had revenue of C$389.30 million during the quarter. On average, sell-side analysts expect that Winpak Ltd. will post 3.5432473 EPS for the current year.

Winpak Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 10th. Investors of record on Friday, April 10th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Wednesday, April 1st. Winpak’s dividend payout ratio is currently 6.53%.

Insider Transactions at Winpak

In other news, insider Scott Mckenzie Taylor acquired 1,650 shares of Winpak stock in a transaction that occurred on Monday, May 4th. The shares were purchased at an average cost of C$40.36 per share, for a total transaction of C$66,594.00. Following the completion of the purchase, the insider directly owned 4,400 shares of the company’s stock, valued at C$177,584. This trade represents a 60.00% increase in their position. 57.46% of the stock is owned by company insiders.

Winpak Company Profile

Winpak’s vision is to provide the best packaging solutions for people and planet. Winpak manufactures and distributes high-quality packaging materials and innovative packaging machines, primarily used for the protection of perishable foods, beverages, pharmaceuticals, medical and personal care. Winpak specializes in three main streams of packaging – Flexible Packaging, Rigid Packaging & Lidding, and Packaging Machinery. The Company is closely aligned with Wipak, one of Europe’s leading manufacturers of packaging materials.