Winpak Ltd. (TSE:WPK - Get Free Report) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$43.62 and traded as high as C$45.82. Winpak shares last traded at C$45.33, with a volume of 33,452 shares changing hands.
Analyst Upgrades and Downgrades
Several analysts have recently commented on WPK shares. Cibc World Mkts upgraded Winpak from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 22nd. CIBC increased their price objective on Winpak from C$50.00 to C$52.00 and gave the company an "outperform" rating in a report on Monday, April 28th.
Check Out Our Latest Stock Analysis on WPK
Winpak Trading Down 0.4%
The firm has a 50-day moving average of C$42.25 and a 200-day moving average of C$43.62. The stock has a market capitalization of C$1.99 billion, a price-to-earnings ratio of 13.66, a P/E/G ratio of 4.44 and a beta of 0.21.
Winpak Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Wednesday, July 2nd will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.44%. Winpak's payout ratio is 6.03%.
Winpak Company Profile
(
Get Free Report)
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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