Winpak (TSE:WPK) Stock Crosses Below 200 Day Moving Average – Here’s Why

Posted by Nicole Kennedy on Jan 10th, 2025

Winpak Ltd. (TSE:WPK – Get Free Report)’s share price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$46.67 and traded as low as C$45.02. Winpak shares last traded at C$45.34, with a volume of 21,730 shares changing hands.

Analysts Set New Price Targets

A number of research firms recently issued reports on WPK. National Bankshares set a C$55.00 price objective on Winpak and gave the stock an “outperform” rating in a report on Thursday, September 26th. National Bank Financial raised Winpak to a “strong-buy” rating in a research report on Wednesday, September 25th. BMO Capital Markets lifted their price objective on shares of Winpak from C$50.00 to C$52.00 in a report on Friday, October 25th. Finally, CIBC increased their target price on shares of Winpak from C$53.00 to C$54.00 in a report on Monday, October 28th.

Read Our Latest Report on Winpak

Winpak Stock Down 0.6 %

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 firm has a 50-day moving average of C$48.68 and a 200 day moving average of C$46.70. The stock has a market capitalization of C$2.86 billion, a price-to-earnings ratio of 14.95, a PEG ratio of 4.44 and a beta of 0.21.

Winpak Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, January 10th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.44%. The ex-dividend date of this dividend is Thursday, January 2nd. Winpak’s payout ratio is presently 6.58%.

About Winpak

(Get Free Report)

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.