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

Winpak Ltd. (TSE:WPK)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$43.32 and traded as low as C$42.58. Winpak shares last traded at C$43.61, with a volume of 121,546 shares.

Winpak Trading Down 1.1%

The firm’s fifty day moving average price is C$44.19 and its 200-day moving average price is C$43.26. The firm has a market cap of C$2.54 billion, a price-to-earnings ratio of 18.82, a PEG ratio of 4.44 and a beta of 0.46.

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

Winpak Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Friday, July 10th were given a dividend of $0.05 per share. The ex-dividend date was Thursday, July 2nd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.5%. Winpak’s payout ratio is 6.24%.

Winpak Company Profile

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.