Winpak Ltd. (TSE:WPK - Get Free Report) shares crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$44.42 and traded as low as C$42.89. Winpak shares last traded at C$43.02, with a volume of 25,933 shares changing hands.
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on the stock. CIBC lifted their price objective on shares of Winpak from C$50.00 to C$52.00 and gave the company an "outperform" rating in a report on Monday, April 28th. Cibc World Mkts raised shares of Winpak from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 22nd.
Read Our Latest Report on WPK
Winpak Price Performance
The firm has a market cap of C$1.88 billion, a PE ratio of 12.94, a PEG ratio of 4.44 and a beta of 0.21. The business's 50 day moving average price is C$40.31 and its 200 day moving average price is C$44.31.
Winpak Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, April 11th were paid a dividend of $0.05 per share. The ex-dividend date was Tuesday, April 1st. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.47%. Winpak's dividend payout ratio is currently 6.03%.
About Winpak
(
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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.
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