Winpak (TSE:WPK) Reaches New 52-Week Low - Should You Sell?

Winpak Ltd. (TSE:WPK - Get Free Report) reached a new 52-week low during trading on Tuesday . The company traded as low as C$38.60 and last traded at C$38.76, with a volume of 15641 shares trading hands. The stock had previously closed at C$39.95.

Analyst Upgrades and Downgrades

Separately, CIBC lowered their price target on Winpak from C$54.00 to C$49.00 in a research report on Friday, February 28th.

Winpak Stock Performance

The stock has a market cap of C$1.68 billion, a P/E ratio of 11.56, a P/E/G ratio of 4.44 and a beta of 0.21. The business has a 50 day simple moving average of C$43.81 and a 200-day simple moving average of C$46.12.

Winpak Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Tuesday, April 1st will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.52%. Winpak's dividend payout ratio (DPR) is presently 6.03%.

About Winpak

Winpak Ltd. manufactures and distributes packaging materials and related packaging machines in the United States, Canada, and Mexico. The company operates is Flexible Packaging, Rigid Packaging and Flexible Lidding, and Packaging Machinery segments. The Flexible Packaging segment provides modified atmosphere packaging products for fresh and processed meats, poultry, cheese, medical device packaging, high-performance pouch, and high-barrier films for converting applications; specialty films, including barrier and non-barrier films converting applications, such as printing, laminating and bag making, as well as shrink bags; and biaxially oriented nylon films for food packaging and industrial applications.