Corby Spirit and Wine (TSE:CSW.A) Shares Cross Below Fifty Day Moving Average - Here's Why

Corby Spirit and Wine Ltd (TSE:CSW.A - Get Free Report)'s share price crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$14.31 and traded as low as C$13.99. Corby Spirit and Wine shares last traded at C$14.07, with a volume of 7,091 shares traded.

Corby Spirit and Wine Trading Up 0.7%

The company has a market cap of C$347.06 million, a price-to-earnings ratio of 17.02 and a beta of 0.27. The company has a quick ratio of 1.77, a current ratio of 2.34 and a debt-to-equity ratio of 77.55. The business's fifty day simple moving average is C$14.23 and its two-hundred day simple moving average is C$14.03.

Corby Spirit and Wine Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 11th. Investors of record on Wednesday, June 11th were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Wednesday, May 28th. This represents a $0.92 dividend on an annualized basis and a yield of 6.43%. Corby Spirit and Wine's dividend payout ratio is presently 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.