Corby Spirit and Wine (TSE:CSW.A) Share Price Crosses Below Two Hundred Day Moving Average - Should You Sell?

Key Points

• Corby Spirit and Wine Ltd shares have dropped below their 200-day moving average, last trading at C$14.05, which is below the average of C$14.20.
• The company announced a quarterly dividend of $0.23 per share, resulting in an annualized dividend yield of 6.55%, but has a high payout ratio of 104.76%.
• Corby Spirit and Wine has a market capitalization of C$340.99 million and a debt-to-equity ratio of 77.55.

Corby Spirit and Wine Ltd (TSE:CSW.A - Get Free Report)'s share price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$14.20 and traded as low as C$14.00. Corby Spirit and Wine shares last traded at C$14.05, with a volume of 15,905 shares traded.

Corby Spirit and Wine Price Performance

The company has a market cap of C$350.94 million, a PE ratio of 17.21 and a beta of 0.27. The company has a debt-to-equity ratio of 77.55, a quick ratio of 1.77 and a current ratio of 2.34. The stock has a 50 day moving average of C$14.02 and a 200-day moving average of C$14.25.

Corby Spirit and Wine Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 11th. Stockholders of record on Wednesday, June 11th were issued a $0.23 dividend. The ex-dividend date was Wednesday, May 28th. This represents a $0.92 annualized dividend and a dividend yield of 6.36%. Corby Spirit and Wine's dividend payout ratio (DPR) is presently 104.76%.

Corby Spirit and Wine Company Profile

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.