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

Corby Spirit and Wine Ltd (TSE:CSW.A) shares crossed 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 company has a quick ratio of 1.77, a current ratio of 2.34 and a debt-to-equity ratio of 77.55. The stock has a market cap of C$310.66 million, a P/E ratio of 15.24 and a beta of 0.27. The firm has a 50 day moving average price of C$13.01 and a 200 day moving average price of C$13.20.

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 paid a dividend of $0.22 per share. 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. This represents a $0.88 dividend on an annualized basis and a yield of 6.88%. 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.