Winpak (TSE:WPK) Shares Cross Below 200 Day Moving Average – What’s Next?

Winpak Ltd. (TSE:WPK)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$44.08 and traded as low as C$44.00. Winpak shares last traded at C$44.49, with a volume of 102,435 shares changing hands.

Winpak Trading Down 0.4%

The business has a 50 day simple moving average of C$41.69 and a 200-day simple moving average of C$44.09. The stock has a market capitalization of C$2.62 billion, a price-to-earnings ratio of 20.14, a price-to-earnings-growth ratio of 4.44 and a beta of 0.46.

Winpak (TSE:WPK) last announced its quarterly earnings data on Wednesday, April 29th. The company reported C$0.74 earnings per share for the quarter. Winpak had a net margin of 11.93% and a return on equity of 10.32%. The business had revenue of C$389.30 million for the quarter. Research analysts predict that Winpak Ltd. will post 3.5432473 EPS 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 dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, July 2nd. This represents a $0.20 dividend on an annualized basis and a yield of 0.4%. Winpak’s dividend payout ratio (DPR) is currently 6.53%.

Insider Buying and Selling at Winpak

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

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.