Winpak (TSE:WPK) Stock Price Crosses Below 200-Day Moving Average – Here’s Why

Winpak Ltd. (TSE:WPK)’s share price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$44.08 and traded as low as C$43.16. Winpak shares last traded at C$44.55, with a volume of 136,874 shares traded.

Winpak Stock Performance

The business has a 50 day moving average price of C$42.07 and a 200-day moving average price of C$44.08. The company has a market capitalization of C$2.61 billion, a price-to-earnings ratio of 20.07, a P/E/G ratio of 4.44 and a beta of 0.46.

Winpak (TSE:WPK) last posted its quarterly earnings results on Thursday, July 23rd. The company reported C$0.81 earnings per share (EPS) for the quarter. Winpak had a return on equity of 10.32% and a net margin of 11.93%.The firm had revenue of C$417.85 million for the quarter. As a group, equities analysts predict that Winpak Ltd. will post 3.5432473 EPS for the current fiscal year.

Winpak Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Friday, July 10th were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Thursday, July 2nd. Winpak’s dividend payout ratio is 6.53%.

Insider Buying and Selling at Winpak

In other news, insider Scott Mckenzie Taylor bought 1,650 shares of the stock in a transaction dated Monday, May 4th. The shares were bought at an average cost of C$40.36 per share, with a total value of C$66,594.00. Following the completion of the transaction, the insider directly owned 4,400 shares of the company’s stock, valued at C$177,584. This trade represents a 60.00% increase in their ownership of the stock. 57.46% of the stock is owned by insiders.

Winpak Company Profile

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.