Winpak (TSE:WPK) Shares Cross Below 200-Day Moving Average – Here’s What Happened

Posted by Doug Wharley on Jan 25th, 2025

Winpak Ltd. (TSE:WPK – Get Free Report)’s share price 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.

Analysts Set New Price Targets

WPK has been the topic of a number of recent analyst reports. BMO Capital Markets increased their price objective on shares of Winpak from C$50.00 to C$52.00 in a research report on Friday, October 25th. CIBC increased their target price on Winpak from C$53.00 to C$54.00 in a report on Monday, October 28th.

Read Our Latest Research Report on Winpak

Winpak Trading Down 0.9 %

The company has a market cap of C$2.83 billion, a price-to-earnings ratio of 14.78, a PEG ratio of 4.44 and a beta of 0.21. The company has a quick ratio of 4.69, a current ratio of 8.95 and a debt-to-equity ratio of 0.82. The business’s fifty day simple moving average is C$47.60 and its two-hundred day simple moving average is C$46.77.

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

Winpak Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, January 10th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.45%. The ex-dividend date was Thursday, January 2nd. Winpak’s payout ratio is currently 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.