Corby Spirit and Wine (TSE:CSW.A) Share Price Crosses Above 50 Day Moving Average – Should You Sell?

Corby Spirit and Wine Ltd (TSE:CSW.A) shares crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$15.32 and traded as high as C$15.77. Corby Spirit and Wine shares last traded at C$15.73, with a volume of 8,523 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Acumen Capital set a C$22.00 target price on 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.com, Corby Spirit and Wine presently has a consensus rating of “Buy” and an average price target of C$22.00.

Corby Spirit and Wine Trading Down 0.4%

The stock has a 50-day moving average of C$15.32 and a 200 day moving average of C$14.76. The stock has a market cap of C$447.82 million, a PE ratio of 13.56 and a beta of 0.17. The company has a quick ratio of 1.77, a current ratio of 2.34 and a debt-to-equity ratio of 77.55.

Corby Spirit and Wine (TSE:CSW.A) last issued its quarterly earnings results on Thursday, May 14th. The company reported C$0.27 earnings per share for the quarter. Corby Spirit and Wine had a net margin of 10.41% and a return on equity of 13.22%. The company had revenue of C$58.27 million for the quarter. As a group, sell-side analysts anticipate that Corby Spirit and Wine Ltd will post 0.99 earnings per share for the current year.

Corby Spirit and Wine Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Wednesday, June 10th were paid a $0.24 dividend. The ex-dividend date was Wednesday, May 27th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 6.1%. Corby Spirit and Wine’s dividend payout ratio is presently 80.17%.

Corby Spirit and Wine Company Profile

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.