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

Winpak Ltd. (TSE:WPK) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$44.08 and traded as low as C$43.16. Winpak shares last traded at C$44.55, with a volume of 136,874 shares changing hands.

Winpak Price Performance

The firm’s 50-day moving average price is C$42.18 and its 200-day moving average price is C$44.09. The stock has a market cap of C$2.67 billion, a P/E ratio of 20.49, a PEG ratio of 4.44 and a beta of 0.46.

Winpak (TSE:WPK) last issued its earnings results on Thursday, July 23rd. The company reported C$0.81 earnings per share for the quarter. The firm had revenue of C$417.85 million during the quarter. Winpak had a net margin of 12.01% and a return on equity of 10.41%. Sell-side analysts expect that Winpak Ltd. will post 3.5432473 earnings per share 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 $0.05 dividend. The ex-dividend date was Thursday, July 2nd. This represents a $0.20 annualized dividend and a yield of 0.4%. Winpak’s payout ratio is presently 6.53%.

Insider Activity at Winpak

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