Winpak (TSE:WPK) Stock Passes Above Two Hundred Day Moving Average - Should You Sell?

Winpak Ltd. (TSE:WPK - Get Free Report) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$46.48 and traded as high as C$48.07. Winpak shares last traded at C$47.85, with a volume of 19,459 shares traded.

Wall Street Analysts Forecast Growth

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

Winpak Stock Performance

The stock has a market capitalization of C$3.04 billion, a price-to-earnings ratio of 15.86, a price-to-earnings-growth ratio of 4.44 and a beta of 0.21. 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 has a 50-day moving average of C$48.74 and a 200 day moving average of C$46.50.

Winpak Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, October 11th were given a dividend of $0.05 per share. This is a boost from Winpak's previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $0.20 annualized dividend and a dividend yield of 0.41%. 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.