Corby Spirit and Wine (TSE:CSW.A) Share Price Crosses Above Fifty Day Moving Average – Here’s Why

Shares of Corby Spirit and Wine Ltd (TSE:CSW.A) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$15.32 and traded as high as C$15.77. Corby Spirit and Wine shares last traded at C$15.73, with a volume of 8,523 shares.

Analyst Ratings Changes

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

Corby Spirit and Wine Stock Performance

The stock has a market cap of C$448.39 million, a P/E ratio of 13.58 and a beta of 0.17. The company has a debt-to-equity ratio of 77.55, a current ratio of 2.34 and a quick ratio of 1.77. The company has a fifty day moving average of C$15.36 and a 200 day moving average of C$14.78.

Corby Spirit and Wine (TSE:CSW.A) last issued its quarterly earnings results on Thursday, May 14th. The company reported C$0.27 earnings per share (EPS) for the quarter. Corby Spirit and Wine had a return on equity of 13.22% and a net margin of 10.41%.The firm had revenue of C$58.27 million during the quarter. On average, equities analysts predict that Corby Spirit and Wine Ltd will post 0.99 earnings per share for the current fiscal year.

Corby Spirit and Wine Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Wednesday, June 10th were issued a $0.24 dividend. The ex-dividend date was Wednesday, May 27th. This represents a $0.96 annualized dividend and a dividend yield of 6.1%. Corby Spirit and Wine’s dividend payout ratio is 80.17%.

Corby Spirit and Wine Company Profile

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.