Corby Spirit and Wine (TSE:CSW.A) Shares Pass Below 200 Day Moving Average – Here’s What Happened

Shares of Corby Spirit and Wine Ltd (TSE:CSW.A) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$13.91 and traded as low as C$13.86. Corby Spirit and Wine shares last traded at C$14.00, with a volume of 28,790 shares changing hands.

Corby Spirit and Wine Stock Performance

The firm has a 50-day moving average of C$14.46 and a two-hundred day moving average of C$13.91. The company has a quick ratio of 1.77, a current ratio of 2.34 and a debt-to-equity ratio of 77.55. The company has a market capitalization of C$339.78 million, a PE ratio of 16.67 and a beta of 0.27.

Corby Spirit and Wine Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 11th. Stockholders of record on Wednesday, June 11th were given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 6.57%. The ex-dividend date was Wednesday, May 28th. Corby Spirit and Wine’s dividend payout ratio (DPR) is presently 104.76%.

Insider Activity

In other news, Senior Officer Ryan Thomas Joseph Smith sold 2,500 shares of Corby Spirit and Wine stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of C$14.87, for a total value of C$37,175.00. Following the sale, the insider now directly owns 991 shares of the company’s stock, valued at C$14,736.17. The trade was a 71.61% decrease in their ownership of the stock. Insiders acquired 2,750 shares of company stock worth $38,730 over the last three months. 52.00% of the stock is currently owned by corporate insiders.

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.