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Corby Spirit and Wine (TSE:CSW.A) Stock Price Passes Below 200 Day Moving Average - Should You Sell?

Corby Spirit and Wine logo with Consumer Defensive background

Key Points

  • Corby Spirit and Wine Ltd's shares dipped below their 200-day moving average of C$14.58, indicating a potential sell signal as the stock traded as low as C$14.58.
  • The company announced a quarterly dividend of $0.23, yielding 6.3%, with a payout ratio of 93.75%, reflecting a strong commitment to returning value to shareholders.
  • Corby's market capitalization stands at C$416.79 million, with a price-to-earnings ratio of 15.25 and a low beta of 0.18, suggesting lower volatility compared to the market.
  • Five stocks we like better than Corby Spirit and Wine.

Corby Spirit and Wine Ltd (TSE:CSW.A - Get Free Report) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$14.58 and traded as low as C$14.58. Corby Spirit and Wine shares last traded at C$14.64, with a volume of 18,322 shares trading hands.

Corby Spirit and Wine Trading Up 0.1%

The stock has a market capitalization of C$421.91 million, a PE ratio of 15.44 and a beta of 0.18. The firm has a 50-day moving average price of C$14.62 and a 200-day moving average price of C$14.59. The company has a current ratio of 2.34, a quick ratio of 1.77 and a debt-to-equity ratio of 77.55.

Corby Spirit and Wine Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, September 26th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $0.92 annualized dividend and a dividend yield of 6.2%. Corby Spirit and Wine's dividend payout ratio (DPR) is currently 93.75%.

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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