Winpak (TSE:WPK) Stock Crosses Below 200-Day Moving Average - Should You Sell?

Key Points

• Winpak Ltd. shares dropped below their 200-day moving average of C$42.47, trading at C$40.61 with a volume of 52,705 shares.
• Recent analyst reports downgraded Winpak from an "outperform" to a "sector perform" rating, reducing the price target from C$52.00 to C$48.00.
• The company announced a quarterly dividend of $0.05 per share, representing an annualized dividend yield of 0.5%.

Shares of Winpak Ltd. (TSE:WPK - Get Free Report) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$42.47 and traded as low as C$40.58. Winpak shares last traded at C$40.61, with a volume of 52,705 shares traded.

Analyst Upgrades and Downgrades

WPK has been the topic of several research analyst reports. National Bankshares cut shares of Winpak from an "outperform" rating to a "sector perform" rating and decreased their price objective for the stock from C$52.00 to C$48.00 in a research report on Friday, July 25th. National Bank Financial lowered shares of 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 assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Winpak presently has an average rating of "Moderate Buy" and an average price target of C$50.67.

Winpak Trading Down 1.8%

The firm has a fifty day moving average of C$41.50 and a two-hundred day moving average of C$42.47. The company has a market capitalization of C$2.50 billion, a PE ratio of 18.13, a PEG ratio of 4.44 and a beta of 0.27.

Winpak Announces Dividend

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

About Winpak

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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