Winpak (TSE:WPK) Sets New 1-Year Low – Here’s Why

Winpak Ltd. (TSE:WPK) reached a new 52-week low on Tuesday . The company traded as low as C$37.90 and last traded at C$38.04, with a volume of 4455 shares traded. The stock had previously closed at C$38.22.

Analysts Set New Price Targets

Separately, CIBC cut their target price on Winpak from C$54.00 to C$49.00 in a research report on Friday, February 28th.

Winpak Stock Up 1.7 %

The company has a market capitalization of C$1.70 billion, a PE ratio of 11.69, a PEG ratio of 4.44 and a beta of 0.21. The company’s 50 day moving average is C$43.03 and its two-hundred day moving average is C$45.93.

Winpak Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Tuesday, April 1st will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.52%. Winpak’s payout ratio is 6.03%.

About Winpak

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.