Winpak (TSE:WPK) Shares Pass Below Two Hundred Day Moving Average – Here’s Why

Shares of Winpak Ltd. (TSE:WPK) passed 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 traded.

Winpak Price Performance

The company has a 50 day moving average of C$41.60 and a 200-day moving average of C$44.08. The company has a market cap of C$2.61 billion, a P/E ratio of 20.04, a price-to-earnings-growth ratio of 4.44 and a beta of 0.46.

Winpak (TSE:WPK) last announced its earnings results on Wednesday, April 29th. The company reported C$0.74 earnings per share for the quarter. Winpak had a return on equity of 10.32% and a net margin of 11.93%.The business had revenue of C$389.30 million for the quarter. Research analysts anticipate that Winpak Ltd. will post 3.5432473 EPS for the current year.

Winpak Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Friday, July 10th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Thursday, July 2nd. Winpak’s dividend payout ratio is 6.53%.

Insiders Place Their Bets

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