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 crossed 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 changing hands.

Analyst Upgrades and Downgrades

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

Corby Spirit and Wine Stock Down 1.9%

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 stock’s 50 day moving average price is C$15.18 and its 200-day moving average price is C$14.68. The company has a market cap of C$450.38 million, a PE ratio of 13.64 and a beta of 0.18.

Corby Spirit and Wine (TSE:CSW.A) last issued its earnings results on Thursday, May 14th. The company reported C$0.27 EPS for the quarter. The company 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 year.

Corby Spirit and Wine Dividend Announcement

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

Corby Spirit and Wine Company Profile

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.