Winpak (TSE:WPK) Stock Price Passes Below Two Hundred Day Moving Average of $41.96

Winpak Ltd. (TSE:WPK)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$41.96 and traded as low as C$39.62. Winpak shares last traded at C$39.99, with a volume of 33,954 shares.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. CIBC lowered their target price on shares of Winpak from C$52.00 to C$49.00 in a report on Tuesday, August 1st. Pi Financial decreased their price target on shares of Winpak from C$54.00 to C$51.00 and set a “buy” rating for the company in a research note on Friday, July 28th.

Winpak Stock Down 0.0 %

The company has a quick ratio of 4.69, a current ratio of 10.96 and a debt-to-equity ratio of 1.23. The stock has a market capitalization of C$2.60 billion, a PE ratio of 13.65, a PEG ratio of 4.44 and a beta of 0.13. The firm’s fifty day moving average is C$40.32 and its 200-day moving average is C$41.96.

Winpak (TSE:WPK) last released its quarterly earnings results on Thursday, July 27th. The company reported C$0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.78 by C$0.05. Winpak had a return on equity of 11.13% and a net margin of 11.80%. The business had revenue of C$386.14 million during the quarter, compared to the consensus estimate of C$423.85 million. On average, equities research analysts predict that Winpak Ltd. will post 3.1124031 earnings per share for the current year.

Winpak Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Friday, July 14th were issued a dividend of $0.03 per share. The ex-dividend date of this dividend was Friday, June 30th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.30%. Winpak’s payout ratio is 4.10%.

Insider Activity at Winpak

In other Winpak news, Director Martti Hjalmar Aarnio-Wihuri acquired 2,000 shares of the stock in a transaction on Friday, August 11th. The stock was purchased at an average price of C$40.07 per share, for a total transaction of C$80,140.00. 52.73% of the stock is owned by insiders.

Winpak Company Profile

Winpak Ltd. manufactures and distributes packaging materials and related packaging machines in the United States, Canada, Mexico, and internationally. The company operates through three segments: Flexible Packaging, Rigid Packaging and Flexible Lidding, and Packaging Machinery. The Flexible Packaging segment provides modified atmosphere packaging products for fresh and processed meats, poultry, cheese, medical device packaging, and high-performance pouch applications; high-barrier films for converting applications; specialty films, including barrier and non-barrier films converting applications, such as printing, laminating and bag making, and shrink bags; and biaxially oriented nylon films for food packaging and industrial applications.