Winpak (TSE:WPK) Shares Cross Below 200 Day Moving Average - Time to Sell?

Shares of Winpak Ltd. (TSE:WPK - Get Free Report) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$46.76 and traded as low as C$45.11. Winpak shares last traded at C$45.35, with a volume of 45,968 shares.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. CIBC lifted their price objective on Winpak from C$53.00 to C$54.00 in a research report on Monday, October 28th. National Bankshares set a C$55.00 price target on shares of Winpak and gave the stock an "outperform" rating in a research note on Thursday, September 26th. Finally, BMO Capital Markets lifted their target price on shares of Winpak from C$50.00 to C$52.00 in a report on Friday, October 25th.

Winpak Stock Performance

The company has a debt-to-equity ratio of 0.82, a current ratio of 8.95 and a quick ratio of 4.69. The stock's 50-day moving average price is C$47.60 and its 200-day moving average price is C$46.77. The company has a market cap of C$2.83 billion, a P/E ratio of 14.78, a PEG ratio of 4.44 and a beta of 0.21.

Winpak (TSE:WPK - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The company reported C$0.83 earnings per share for the quarter, meeting analysts' consensus estimates of C$0.83. Winpak had a net margin of 12.90% and a return on equity of 10.62%. Equities analysts anticipate that Winpak Ltd. will post 3.5432473 EPS for the current year.

Winpak Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, January 10th were paid a $0.05 dividend. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.45%. Winpak's payout ratio is currently 6.58%.

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.