Corby Spirit and Wine (TSE:CSW.A) Shares Pass Below Two Hundred Day Moving Average – Here’s What Happened

Corby Spirit and Wine Ltd (TSE:CSW.AGet Free Report) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$15.23 and traded as low as C$15.20. Corby Spirit and Wine shares last traded at C$15.21, with a volume of 9,830 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Acumen Capital set a C$22.00 target price on shares of Corby Spirit and Wine and gave the stock a “buy” rating in a research note on Tuesday, June 23rd. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of C$22.00.

View Our Latest Analysis on Corby Spirit and Wine

Corby Spirit and Wine Trading Down 0.1%

The company has a fifty day simple moving average of C$15.77 and a two-hundred day simple moving average of C$15.24. The company has a current ratio of 2.34, a quick ratio of 1.77 and a debt-to-equity ratio of 77.55. The company has a market cap of C$432.73 million, a PE ratio of 12.99 and a beta of 0.11.

Corby Spirit and Wine Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 25th will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, September 11th. This is a positive change from Corby Spirit and Wine’s previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.6%. Corby Spirit and Wine’s payout ratio is currently 80.34%.

About Corby Spirit and Wine

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Corby Spirit and Wine Ltd is a Canadian manufacturer, marketer and importer of spirits and wines. The company derives its revenues from the sale of its owned-brands in Canada and other international markets, as well as earning commissions from the representation of selected non-owned brands in the Canadian marketplace. The company also supplements these primary sources of revenue with other ancillary activities incidental to its core business, such as logistics fees. The company has two reportable segments: Case Goods and Commissions.

Further Reading

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