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Corby Spirit and Wine (TSE:CSW.A) Shares Pass Below 200-Day Moving Average - What's Next?

Corby Spirit and Wine logo with Consumer Defensive background

Corby Spirit and Wine Ltd (TSE:CSW.A - Get Free Report) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$13.81 and traded as low as C$13.60. Corby Spirit and Wine shares last traded at C$13.73, with a volume of 7,761 shares traded.

Corby Spirit and Wine Stock Performance

The firm has a market cap of C$333.71 million, a PE ratio of 16.37 and a beta of 0.27. The company has a 50 day simple moving average of C$14.67 and a 200-day simple moving average of C$13.82. The company has a debt-to-equity ratio of 77.55, a current ratio of 2.34 and a quick ratio of 1.77.

Corby Spirit and Wine Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Wednesday, June 11th will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 6.69%. The ex-dividend date of this dividend is Wednesday, May 28th. Corby Spirit and Wine's dividend payout ratio is currently 104.76%.

Insiders Place Their Bets

In other Corby Spirit and Wine news, Senior Officer Ryan Thomas Joseph Smith sold 2,500 shares of the business's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of C$14.87, for a total value of C$37,175.00. Following the completion of the sale, the insider now owns 991 shares in the company, valued at approximately C$14,736.17. The trade was a 71.61% decrease in their ownership of the stock. Insiders bought a total of 2,750 shares of company stock valued at $38,730 over the last quarter. 52.00% of the stock is owned by corporate insiders.

Corby Spirit and Wine Company Profile

(Get Free Report)

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.

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