Winpak (TSE:WPK) Stock Price Crosses Above 200 Day Moving Average of $43.88

Winpak Ltd. (TSE:WPK)’s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$43.88 and traded as high as C$45.68. Winpak shares last traded at C$45.55, with a volume of 28,830 shares trading hands.

Analyst Ratings Changes

Several equities analysts have commented on the stock. CIBC lifted their target price on shares of Winpak from C$49.00 to C$51.00 in a research report on Friday, July 26th. BMO Capital Markets lifted their price target on Winpak from C$46.00 to C$50.00 in a report on Friday, July 26th.

Winpak Price Performance

The firm has a market cap of C$2.87 billion, a PE ratio of 15.08, a P/E/G ratio of 4.44 and a beta of 0.20. The company has a debt-to-equity ratio of 0.82, a current ratio of 8.95 and a quick ratio of 4.69. The business’s fifty day moving average is C$45.68 and its 200-day moving average is C$43.88.

Winpak (TSE:WPK) last issued its quarterly earnings results on Thursday, July 25th. The company reported C$0.83 earnings per share (EPS) for the quarter. Winpak had a net margin of 12.90% and a return on equity of 10.62%. The company had revenue of C$387.89 million during the quarter. On average, research analysts predict that Winpak Ltd. will post 3.5700713 earnings per share for the current fiscal year.

Winpak Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Shareholders of record on Tuesday, October 1st will be paid a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, October 1st. This is a positive change from Winpak’s previous quarterly dividend of $0.03. This represents a $0.20 annualized dividend and a dividend yield of 0.44%. Winpak’s payout ratio is presently 6.62%.

About Winpak

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.