Winpak (TSE:WPK) Stock Passes Above Fifty Day Moving Average – Should You Sell?

Winpak Ltd. (TSE:WPK) passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$41.21 and traded as high as C$44.13. Winpak shares last traded at C$43.72, with a volume of 31,277 shares.

Winpak Stock Performance

The stock has a market cap of C$2.56 billion, a PE ratio of 19.69, a price-to-earnings-growth ratio of 4.44 and a beta of 0.46. The firm has a 50-day moving average price of C$41.21 and a 200-day moving average price of C$44.12.

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

Winpak Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Friday, July 10th will be given a $0.05 dividend. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $0.20 annualized dividend and a yield of 0.5%. Winpak’s dividend payout ratio is 6.53%.

Insider Buying and Selling

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

About Winpak

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.