Corby Spirit and Wine (TSE:CSW.A) Share Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

Corby Spirit and Wine Ltd (TSE:CSW.A)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-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.

Corby Spirit and Wine Stock Performance

The firm’s fifty day moving average is C$13.01 and its two-hundred day moving average is C$13.20. The company has a quick ratio of 1.77, a current ratio of 2.34 and a debt-to-equity ratio of 77.55. The firm has a market cap of C$310.66 million, a P/E ratio of 15.24 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. Investors of record on Friday, September 27th were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 6.88%. This is a boost from Corby Spirit and Wine’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Wednesday, September 11th. Corby Spirit and Wine’s dividend payout ratio is presently 104.76%.

About Corby Spirit and Wine

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.