Corby Spirit and Wine (TSE:CSW.A) Share Price Passes Below 50-Day Moving Average – Time to Sell?

Corby Spirit and Wine Ltd (TSE:CSW.A)’s share price passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$14.42 and traded as low as C$14.41. Corby Spirit and Wine shares last traded at C$14.46, with a volume of 12,824 shares traded.

Corby Spirit and Wine Trading Down 0.5%

The stock has a market cap of C$409.10 million, a P/E ratio of 13.95 and a beta of 0.30. The firm’s fifty day moving average price is C$14.43 and its two-hundred day moving average price is C$14.24. The company has a debt-to-equity ratio of 77.55, a current ratio of 2.34 and a quick ratio of 1.77.

Corby Spirit and Wine (TSE:CSW.A) last released its quarterly earnings results on Wednesday, February 11th. The company reported C$0.32 earnings per share for the quarter. The firm had revenue of C$66.91 million for the quarter. Corby Spirit and Wine had a net margin of 10.41% and a return on equity of 13.22%. As a group, equities research analysts forecast that Corby Spirit and Wine Ltd will post 0.99 EPS for the current year.

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.