Winpak (TSE:WPK) Share Price Passes Above 200-Day Moving Average - Should You Sell?

Winpak Ltd. (TSE:WPK - Get Free Report)'s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-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 trading hands.

Analyst Ratings Changes

A number of research firms have recently commented on WPK. CIBC increased their target price on shares of Winpak from C$50.00 to C$52.00 and gave the stock an "outperform" rating in a report on Monday, April 28th. Cibc World Mkts upgraded shares of Winpak from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 22nd.

Winpak Trading Up 0.7%

The stock has a market cap of C$1.97 billion, a price-to-earnings ratio of 13.55, a P/E/G ratio of 4.44 and a beta of 0.21. The stock's 50-day moving average price is C$42.35 and its 200-day moving average price is C$43.52.

Winpak Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Wednesday, July 2nd will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.44%. Winpak's dividend payout ratio (DPR) is presently 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.