Winpak (TSE:WPK) Share Price Crosses Below 200 Day Moving Average – Should You Sell?

Winpak Ltd. (TSE:WPK)’s stock price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$44.59 and traded as low as C$39.36. Winpak shares last traded at C$39.50, with a volume of 60,169 shares traded.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on WPK shares. National Bank Financial lifted their price target on shares of Winpak from C$48.00 to C$49.00 and gave the company a “sector perform” rating in a research report on Wednesday, February 25th. BMO Capital Markets boosted their target price on shares of Winpak from C$47.00 to C$52.00 and gave the company a “market perform” rating in a research report on Tuesday, February 24th. Finally, Canadian Imperial Bank of Commerce lowered shares of Winpak from an “outperform” rating to a “hold” rating and cut their target price for the company from C$53.00 to C$52.00 in a research report on Tuesday, February 24th. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Winpak presently has a consensus rating of “Hold” and an average price target of C$51.00.

Winpak Stock Down 1.1%

The company has a market cap of C$2.32 billion, a PE ratio of 17.79, a P/E/G ratio of 4.44 and a beta of 0.57. The stock’s 50 day moving average is C$43.39 and its 200-day moving average is C$44.59.

Winpak (TSE:WPK) last released its quarterly earnings results on Wednesday, April 29th. The company reported C$0.74 earnings per share (EPS) for the quarter. Winpak had a net margin of 11.93% and a return on equity of 10.32%. The company had revenue of C$389.30 million for the quarter. On average, analysts anticipate that Winpak Ltd. will post 3.5432473 EPS for the current fiscal year.

Winpak Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Friday, April 10th were given a dividend of $0.05 per share. The ex-dividend date was Wednesday, April 1st. This represents a $0.20 dividend on an annualized basis and a yield of 0.5%. Winpak’s payout ratio is 6.53%.

Insiders Place Their Bets

In related news, insider Scott Mckenzie Taylor purchased 1,650 shares of the business’s stock in a transaction dated Monday, May 4th. The shares were purchased at an average cost of C$40.36 per share, for a total transaction of C$66,594.00. Following the completion of the acquisition, the insider owned 4,400 shares in the company, valued at approximately C$177,584. This trade represents a 60.00% increase in their position. 57.46% of the stock is owned by company insiders.

About Winpak

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.