Winpak (OTCMKTS:WIPKF) Trading 6.6% Higher – Still a Buy?

Shares of Winpak Ltd. (OTCMKTS:WIPKFGet Free Report) traded up 6.6% during mid-day trading on Thursday . The stock traded as high as $31.35 and last traded at $31.35. 7,357 shares were traded during mid-day trading, an increase of 123% from the average session volume of 3,293 shares. The stock had previously closed at $29.40.

Winpak Stock Up 6.6%

The firm’s fifty day moving average is $29.98 and its 200-day moving average is $30.79.

About Winpak

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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.

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