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

Corby Spirit and Wine Ltd (TSE:CSW.A)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$13.24 and traded as low as C$12.81. Corby Spirit and Wine shares last traded at C$12.81, with a volume of 13,523 shares traded.

Corby Spirit and Wine Price Performance

The company has a debt-to-equity ratio of 77.55, a current ratio of 2.34 and a quick ratio of 1.77. The firm has a 50-day moving average of C$13.18 and a 200-day moving average of C$13.24. The stock has a market cap of C$313.08 million, a PE ratio of 15.36 and a beta of 0.27.

Corby Spirit and Wine Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 27th were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 6.82%. The ex-dividend date of this dividend was Wednesday, September 11th. This is a boost from Corby Spirit and Wine’s previous quarterly dividend of $0.21. Corby Spirit and Wine’s dividend payout ratio (DPR) is currently 104.76%.

Corby Spirit and Wine Company Profile

Corby Spirit and Wine Limited manufactures, markets, and distributes spirits and imported wines. Its portfolio of brands include J.P. Wiser's Canadian whiskies, Lamb's rum, Polar Ice vodka, Ungava Spirits, Foreign Affair, and McGuinness liqueurs; and international brands comprise ABSOLUT vodka, Chivas Regal, The Glenlivet and Ballantine's Scotch whiskies, Jameson Irish whiskey, Beefeater gin, Malibu rum, Kahlúa liqueur, and Mumm Champagne, as well as Jacob's Creek, Stoneleigh, Graffigna, Campo Viejo, and Wyndham Estate wines.