Winpak (TSE:WPK) Hits New 1-Year Low – Time to Sell?

Winpak Ltd. (TSE:WPK)’s share price hit a new 52-week low on Tuesday . The stock traded as low as C$37.90 and last traded at C$38.04, with a volume of 4455 shares traded. The stock had previously closed at C$38.22.

Wall Street Analysts Forecast Growth

Separately, CIBC reduced their price objective on Winpak from C$54.00 to C$49.00 in a research note on Friday, February 28th.

Winpak Trading Down 1.3 %

The company has a market capitalization of C$1.65 billion, a P/E ratio of 11.36, a P/E/G ratio of 4.44 and a beta of 0.21. The stock has a 50 day moving average of C$43.42 and a 200-day moving average of C$46.03.

Winpak Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Tuesday, April 1st will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.53%. Winpak’s payout ratio is 6.03%.

Winpak Company Profile

Winpak Ltd. manufactures and distributes packaging materials and related packaging machines in the United States, Canada, and Mexico. The company operates is Flexible Packaging, Rigid Packaging and Flexible Lidding, and Packaging Machinery segments. The Flexible Packaging segment provides modified atmosphere packaging products for fresh and processed meats, poultry, cheese, medical device packaging, high-performance pouch, and high-barrier films for converting applications; specialty films, including barrier and non-barrier films converting applications, such as printing, laminating and bag making, as well as shrink bags; and biaxially oriented nylon films for food packaging and industrial applications.