Winpak (TSE:WPK) Stock Crosses Above 200-Day Moving Average – Should You Sell?

Winpak Ltd. (TSE:WPK) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$46.48 and traded as high as C$48.07. Winpak shares last traded at C$47.85, with a volume of 19,459 shares changing hands.

Wall Street Analysts Forecast Growth

WPK has been the topic of several recent research reports. National Bank Financial raised shares of Winpak to a “strong-buy” rating in a report on Wednesday, September 25th. CIBC upped their price objective on shares of Winpak from C$53.00 to C$54.00 in a report on Monday, October 28th. BMO Capital Markets upped their price objective on shares of Winpak from C$50.00 to C$52.00 in a report on Friday, October 25th. Finally, National Bankshares set a C$55.00 price objective on shares of Winpak and gave the company an “outperform” rating in a report on Thursday, September 26th.

Winpak Stock Performance

The stock has a market capitalization of C$3.04 billion, a PE ratio of 15.86, a P/E/G 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. The business’s fifty day moving average price is C$48.77 and its 200-day moving average price is C$46.52.

Winpak Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, October 11th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.41%. This is an increase from Winpak’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Tuesday, October 1st. Winpak’s dividend 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.