Winpak (TSE:WPK) Stock Price Passes Above 200 Day Moving Average - Time to Sell?

Winpak Ltd. (TSE:WPK - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$43.81 and traded as high as C$44.13. Winpak shares last traded at C$44.06, with a volume of 40,233 shares changing hands.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on WPK. Cibc World Mkts upgraded Winpak from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 22nd. CIBC boosted their price target on Winpak from C$50.00 to C$52.00 and gave the company an "outperform" rating in a report on Monday, April 28th.

Winpak Trading Down 2.3%

The business has a fifty day simple moving average of C$41.89 and a two-hundred day simple moving average of C$43.62. The stock has a market cap of C$1.94 billion, a PE ratio of 13.35, a P/E/G ratio of 4.44 and a beta of 0.21.

Winpak Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Wednesday, July 2nd will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.45%. Winpak's payout ratio is currently 6.03%.

Winpak Company Profile

Winpak Ltd manufactures and sells a variety of packaging materials and related packaging machines. The packaging materials are used primarily for perishable foods, beverages, and healthcare applications. It operates in three segments: flexible packaging, rigid packaging & flexible lidding, and packaging machinery.