Winpak (TSE:WPK) Shares Pass Below 200-Day Moving Average - Time to Sell?

Key Points

• Winpak Ltd.'s stock price fell below its 200-day moving average of C$42.58, trading at C$41.53 with a volume of 43,775 shares on the day.
• Recent analyst ratings indicate a downgrade from National Bankshares, changing Winpak's rating from "outperform" to "sector perform" and lowering its price target from C$52.00 to C$48.00.
• Winpak declared a quarterly dividend of $0.05 per share, resulting in an annualized dividend yield of 0.5%, and its current dividend payout ratio is 6.40%.

Winpak Ltd. (TSE:WPK - Get Free Report)'s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$42.58 and traded as low as C$41.23. Winpak shares last traded at C$41.53, with a volume of 43,775 shares changing hands.

Analyst Ratings Changes

WPK has been the topic of a number of recent analyst reports. National Bankshares cut Winpak from an "outperform" rating to a "sector perform" rating and decreased their price target for the company from C$52.00 to C$48.00 in a report on Friday, July 25th. National Bank Financial cut Winpak from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of C$50.67.

Winpak Price Performance

The stock has a market cap of C$2.55 billion, a PE ratio of 18.54, a price-to-earnings-growth ratio of 4.44 and a beta of 0.27. The stock has a 50-day moving average price of C$41.43 and a two-hundred day moving average price of C$42.58.

Winpak Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Friday, October 10th were given a dividend of $0.05 per share. The ex-dividend date was Wednesday, October 1st. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.5%. Winpak's dividend payout ratio (DPR) is presently 6.40%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.