Winpak (TSE:WPK) Share Price Passes Above 200-Day Moving Average – Time to Sell?

Winpak Ltd. (TSE:WPK) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$45.71 and traded as high as C$48.35. Winpak shares last traded at C$48.07, with a volume of 44,474 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on WPK shares. National Bankshares set a C$55.00 price objective on Winpak and gave the company an “outperform” rating in a research note on Thursday, September 26th. CIBC lifted their price objective on Winpak from C$53.00 to C$54.00 in a research note on Monday, October 28th. National Bank Financial upgraded Winpak to a “strong-buy” rating in a research note on Wednesday, September 25th. Finally, BMO Capital Markets boosted their target price on Winpak from C$50.00 to C$52.00 in a research note on Friday, October 25th.

Winpak Stock Performance

The firm has a 50 day moving average of C$47.20 and a two-hundred day moving average of C$45.71. The stock has a market cap of C$3.03 billion, a PE ratio of 15.81, a PEG ratio of 4.44 and a beta of 0.21. The company has a debt-to-equity ratio of 0.82, a current ratio of 8.95 and a quick ratio of 4.69.

Winpak Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, October 11th were paid a dividend of $0.05 per share. This is a boost from Winpak’s previous quarterly dividend of $0.03. The ex-dividend date was Tuesday, October 1st. This represents a $0.20 annualized dividend and a yield of 0.42%. Winpak’s payout ratio is presently 6.58%.

Winpak Company Profile

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.