Winpak (TSE:WPK) Stock Crosses Below 200 Day Moving Average – Here’s What Happened

by · The Markets Daily

Winpak Ltd. (TSE:WPK – Get Free Report) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$44.08 and traded as low as C$43.16. Winpak shares last traded at C$44.55, with a volume of 136,874 shares changing hands.

Winpak Price Performance

The firm’s 50-day moving average price is C$42.18 and its 200-day moving average price is C$44.09. The stock has a market cap of C$2.67 billion, a P/E ratio of 20.49, a PEG ratio of 4.44 and a beta of 0.46.

Winpak (TSE:WPK – Get Free Report) last issued its earnings results on Thursday, July 23rd. The company reported C$0.81 earnings per share for the quarter. The firm had revenue of C$417.85 million during the quarter. Winpak had a net margin of 12.01% and a return on equity of 10.41%. Sell-side analysts expect that Winpak Ltd. will post 3.5432473 earnings per share for the current year.

Winpak Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Friday, July 10th were paid a $0.05 dividend. The ex-dividend date was Thursday, July 2nd. This represents a $0.20 annualized dividend and a yield of 0.4%. Winpak’s payout ratio is presently 6.53%.

Insider Activity at Winpak

In related news, insider Scott Mckenzie Taylor acquired 1,650 shares of the company’s stock in a transaction on Monday, May 4th. The stock was acquired at an average price of C$40.36 per share, with a total value of C$66,594.00. Following the acquisition, the insider directly owned 4,400 shares of the company’s stock, valued at approximately C$177,584. This trade represents a 60.00% increase in their ownership of the stock. 57.46% of the stock is owned by company insiders.

Winpak Company Profile

(Get Free Report)

Winpak’s vision is to provide the best packaging solutions for people and planet. Winpak manufactures and distributes high-quality packaging materials and innovative packaging machines, primarily used for the protection of perishable foods, beverages, pharmaceuticals, medical and personal care. Winpak specializes in three main streams of packaging – Flexible Packaging, Rigid Packaging & Lidding, and Packaging Machinery. The Company is closely aligned with Wipak, one of Europe’s leading manufacturers of packaging materials.

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