Winpak (TSE:WPK) Reaches New 52-Week Low – Time to Sell?

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

Analysts Set New Price Targets

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

Winpak Price Performance

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

Winpak Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Tuesday, April 1st will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.52%. Winpak’s dividend payout ratio (DPR) is currently 6.03%.

Winpak Company Profile

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.