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

Posted by Nicole Kennedy on Jan 25th, 2025

Winpak Ltd. (TSE:WPK – Get Free Report) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$46.76 and traded as low as C$45.11. Winpak shares last traded at C$45.35, with a volume of 45,968 shares traded.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on WPK. CIBC lifted their target price on shares of Winpak from C$53.00 to C$54.00 in a research note on Monday, October 28th. BMO Capital Markets boosted their price objective on Winpak from C$50.00 to C$52.00 in a research note on Friday, October 25th.

Check Out Our Latest Stock Report on Winpak

Winpak Stock Down 0.9 %

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 company has a market capitalization of C$2.83 billion, a PE ratio of 14.78, a P/E/G ratio of 4.44 and a beta of 0.21. The business’s 50 day simple moving average is C$47.60 and its 200 day simple moving average is C$46.77.

Winpak (TSE:WPK – Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The company reported C$0.83 EPS for the quarter, meeting the consensus estimate of C$0.83. Winpak had a net margin of 12.90% and a return on equity of 10.62%. As a group, analysts anticipate that Winpak Ltd. will post 3.5432473 earnings per share for the current fiscal year.

Winpak Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, January 10th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date was Thursday, January 2nd. Winpak’s payout ratio is 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.