Winpak (TSE:WPK) Stock Price Crosses Below 200-Day Moving Average – Time to Sell?

Winpak Ltd. (TSE:WPK)’s stock price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$44.08 and traded as low as C$43.16. Winpak shares last traded at C$44.55, with a volume of 136,874 shares changing hands.

Winpak Stock Up 0.6%

The business’s 50 day moving average is C$42.07 and its 200-day moving average is C$44.08. The firm has a market capitalization of C$2.61 billion, a P/E ratio of 20.07, a PEG ratio of 4.44 and a beta of 0.46.

Winpak (TSE:WPK) last posted its quarterly earnings results on Thursday, July 23rd. The company reported C$0.81 EPS for the quarter. The company had revenue of C$417.85 million during the quarter. Winpak had a return on equity of 10.32% and a net margin of 11.93%. Research analysts forecast that Winpak Ltd. will post 3.5432473 EPS for the current fiscal year.

Winpak Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Friday, July 10th were issued 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 6.53%.

Insider Transactions at Winpak

In other news, insider Scott Mckenzie Taylor bought 1,650 shares of the stock in a transaction on Monday, May 4th. The stock was acquired at an average price of C$40.36 per share, with a total value of C$66,594.00. Following the acquisition, the insider directly owned 4,400 shares in the company, valued at approximately C$177,584. This trade represents a 60.00% increase in their ownership of the stock. 57.46% of the stock is currently owned by insiders.

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.