Corby Spirit and Wine (TSE:CSW.A) Stock Price Passes Below Two Hundred Day Moving Average - What's Next?

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.

Corby Spirit and Wine Ltd (TSE:CSW.A - Get Free Report) shares 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.

Corby Spirit and Wine Stock Performance

The company's fifty day moving average is C$14.63 and its 200 day moving average is C$14.59. The company has a market capitalization of C$418.49 million, a P/E ratio of 15.31 and a beta of 0.18. 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 26th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $0.92 annualized dividend and a yield of 6.3%. Corby Spirit and Wine's dividend payout ratio (DPR) is 93.75%.

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.