Corby Spirit and Wine (TSE:CSW.A) Share Price Breaks Below 200-Day Moving Average – Should You Sell?

by · The Markets Daily

Corby Spirit and Wine Ltd (TSE:CSW.A – Get Free Report) crossed below its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of C$15.30 and traded as low as C$15.06. Corby Spirit and Wine shares last traded at C$15.41, with a volume of 14,464 shares trading hands.

Analyst Ratings Changes

Separately, Acumen Capital set a C$22.00 price target on shares of Corby Spirit and Wine and gave the stock a “buy” rating in a research note on Tuesday, June 23rd. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of C$22.00.

Check Out Our Latest Stock Analysis on CSW.A

Corby Spirit and Wine Stock Performance

The company has a current ratio of 2.34, a quick ratio of 1.77 and a debt-to-equity ratio of 77.55. The stock has a fifty day moving average price of C$15.69 and a 200-day moving average price of C$15.30. The firm has a market capitalization of C$438.71 million, a price-to-earnings ratio of 13.17 and a beta of 0.11.

Corby Spirit and Wine (TSE:CSW.A – Get Free Report) last announced its quarterly earnings results on Wednesday, August 26th. The company reported C$0.26 EPS for the quarter. Corby Spirit and Wine had a return on equity of 13.22% and a net margin of 10.41%.The business had revenue of C$71.07 million for the quarter. As a group, analysts anticipate that Corby Spirit and Wine Ltd will post 0.99 earnings per share for the current fiscal year.

Corby Spirit and Wine Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 25th were paid a $0.25 dividend. The ex-dividend date was Friday, September 11th. This represents a $1.00 annualized dividend and a dividend yield of 6.5%. This is a boost from Corby Spirit and Wine’s previous quarterly dividend of $0.24. Corby Spirit and Wine’s dividend payout ratio is presently 80.34%.

Corby Spirit and Wine Company Profile

(Get Free Report)

Corby Spirit and Wine Ltd is a Canadian manufacturer, marketer and importer of spirits and wines. The company derives its revenues from the sale of its owned-brands in Canada and other international markets, as well as earning commissions from the representation of selected non-owned brands in the Canadian marketplace. The company also supplements these primary sources of revenue with other ancillary activities incidental to its core business, such as logistics fees. The company has two reportable segments: Case Goods and Commissions.

Further Reading