Corby Spirit and Wine (TSE:CSW.A) Shares Pass Above 50-Day Moving Average - Time to Sell?

Corby Spirit and Wine Ltd (TSE:CSW.A - Get Free Report) crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$14.18 and traded as high as C$14.28. Corby Spirit and Wine shares last traded at C$14.21, with a volume of 5,818 shares trading hands.

Corby Spirit and Wine Trading Up 0.6%

The business's 50-day simple moving average is C$14.14 and its two-hundred day simple moving average is C$14.11. The company has a current ratio of 2.34, a quick ratio of 1.77 and a debt-to-equity ratio of 77.55. The company has a market capitalization of C$353.37 million, a PE ratio of 17.33 and a beta of 0.27.

Corby Spirit and Wine Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 11th. Shareholders of record on Wednesday, June 11th were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 6.32%. The ex-dividend date was Wednesday, May 28th. Corby Spirit and Wine's payout ratio is currently 104.76%.

About Corby Spirit and Wine

Corby Spirit and Wine Ltd is a Canadian manufacturer, marketer and importer of spirits and wines. The company derives its revenues from the sale of its owned-brands in Canada and other international markets, as well as earning commissions from the representation of selected non-owned brands in the Canadian marketplace.