Corby Spirit and Wine (TSE:CSW.A) Stock Breaks Below 200-Day Moving Average – Should You Sell?

Corby Spirit and Wine Ltd (TSE:CSW.A)’s stock price passed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of C$15.27 and traded as low as C$15.22. Corby Spirit and Wine shares last traded at C$15.30, with a volume of 14,001 shares.

Wall Street Analyst Weigh In

Separately, Acumen Capital set a C$22.00 price target on Corby Spirit and Wine and gave the company a “buy” rating in a report on Tuesday, June 23rd. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of C$22.00.

Corby Spirit and Wine Price Performance

The company’s fifty day moving average price is C$15.74 and its 200 day moving average price is C$15.27. The company has a debt-to-equity ratio of 77.55, a quick ratio of 1.77 and a current ratio of 2.34. The firm has a market capitalization of C$435.29 million, a price-to-earnings ratio of 13.07 and a beta of 0.11.

Corby Spirit and Wine Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 25th were issued a $0.25 dividend. This is an increase from Corby Spirit and Wine’s previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a yield of 6.5%. The ex-dividend date of this dividend was Friday, September 11th. Corby Spirit and Wine’s dividend payout ratio is 80.34%.

About Corby Spirit and Wine

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.