Winpak (TSE:WPK) Shares Pass Below Two Hundred Day Moving Average – Here’s Why

Shares of Winpak Ltd. (TSE:WPK) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$44.08 and traded as low as C$44.00. Winpak shares last traded at C$44.49, with a volume of 102,435 shares traded.

Winpak Stock Performance

The stock has a market cap of C$2.61 billion, a P/E ratio of 20.04, a P/E/G ratio of 4.44 and a beta of 0.46. The business has a 50 day simple moving average of C$41.60 and a 200-day simple moving average of C$44.08.

Winpak (TSE:WPK) last posted its quarterly earnings results on Wednesday, April 29th. The company reported C$0.74 earnings per share for the quarter. The company 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%. On average, sell-side analysts predict that Winpak Ltd. will post 3.5432473 earnings per share for the current fiscal year.

Winpak Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Friday, July 10th were paid a dividend of $0.05 per share. The ex-dividend date was Thursday, July 2nd. This represents a $0.20 annualized dividend and a dividend yield of 0.4%. Winpak’s dividend payout ratio is presently 6.53%.

Insiders Place Their Bets

In other news, insider Scott Mckenzie Taylor acquired 1,650 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The stock was bought at an average price of C$40.36 per share, with a total value of C$66,594.00. Following the acquisition, the insider owned 4,400 shares in the company, valued at C$177,584. The trade was a 60.00% increase in their position. Company 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.