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

Winpak Ltd. (TSE:WPK)’s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$46.67 and traded as low as C$45.02. Winpak shares last traded at C$45.34, with a volume of 21,730 shares.

Analyst Upgrades and Downgrades

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

Winpak Price Performance

The company’s 50 day simple moving average is C$48.68 and its 200 day simple moving average is C$46.70. 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 market cap of C$2.86 billion, a P/E ratio of 14.95, a P/E/G ratio of 4.44 and a beta of 0.21.

Winpak Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Friday, January 10th will be paid a dividend of $0.05 per share. The ex-dividend date is Thursday, January 2nd. This represents a $0.20 dividend on an annualized basis and a yield of 0.44%. Winpak’s payout ratio is 6.58%.

Winpak Company Profile

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.