Corby Spirit and Wine (TSE:CSW.A) Share Price Passes Below 200-Day Moving Average – What’s Next?

Corby Spirit and Wine Ltd (TSE:CSW.A)’s stock price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$13.21 and traded as low as C$12.80. Corby Spirit and Wine shares last traded at C$12.81, with a volume of 14,394 shares traded.

Corby Spirit and Wine Price Performance

The firm has a market capitalization of C$310.90 million, a PE ratio of 15.25 and a beta of 0.27. 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 simple moving average of C$13.03 and a 200-day simple moving average of C$13.21.

Corby Spirit and Wine Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 27th were given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 6.87%. This is a boost from Corby Spirit and Wine’s previous quarterly dividend of $0.21. The ex-dividend date was Wednesday, September 11th. Corby Spirit and Wine’s dividend payout ratio (DPR) is presently 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.