Winpak (TSE:WPK) Stock Passes Above 50-Day Moving Average – Here’s What Happened

Winpak Ltd. (TSE:WPK)’s share price crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$41.21 and traded as high as C$44.13. Winpak shares last traded at C$43.72, with a volume of 31,277 shares.

Winpak Stock Down 0.1%

The stock has a market cap of C$2.56 billion, a price-to-earnings ratio of 19.65, a PEG ratio of 4.44 and a beta of 0.46. The business’s 50 day simple moving average is C$41.28 and its 200 day simple moving average is C$44.10.

Winpak (TSE:WPK) last issued its earnings results on Wednesday, April 29th. The company reported C$0.74 EPS for the quarter. Winpak had a return on equity of 10.32% and a net margin of 11.93%.The company had revenue of C$389.30 million during the quarter. Equities research analysts forecast that Winpak Ltd. will post 3.5432473 earnings per share for the current fiscal year.

Winpak Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Friday, July 10th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $0.20 dividend on an annualized basis and a yield of 0.5%. Winpak’s dividend payout ratio is currently 6.53%.

Insider Buying and Selling

In related news, insider Scott Mckenzie Taylor purchased 1,650 shares of the company’s stock in a transaction that occurred 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 completion of the purchase, the insider directly owned 4,400 shares in the company, valued at 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 company 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.