Winpak (TSE:WPK) Share Price Passes Above 200 Day Moving Average – Should You Sell?

Winpak Ltd. (TSE:WPK) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$44.21 and traded as high as C$44.74. Winpak shares last traded at C$44.60, with a volume of 107,613 shares traded.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Canadian Imperial Bank of Commerce downgraded Winpak from an “outperform” rating to a “hold” rating and dropped their price target for the company from C$53.00 to C$52.00 in a research note on Tuesday, February 24th. BMO Capital Markets increased their price objective on shares of Winpak from C$47.00 to C$52.00 and gave the stock a “market perform” rating in a research note on Tuesday, February 24th. Finally, National Bank Financial boosted their target price on shares of Winpak from C$48.00 to C$49.00 and gave the company a “sector perform” rating in a research report on Wednesday, February 25th. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Winpak currently has an average rating of “Hold” and an average target price of C$51.00.

Winpak Price Performance

The business has a 50 day simple moving average of C$46.64 and a two-hundred day simple moving average of C$44.21. The firm has a market capitalization of C$2.62 billion, a P/E ratio of 19.82, a price-to-earnings-growth ratio of 4.44 and a beta of 0.51. The company has a debt-to-equity ratio of 1.06, a quick ratio of 4.69 and a current ratio of 6.34.

About Winpak

Winpak’s vision is to provide the best packaging solutions for people and planet. Winpak manufactures and distributes high-quality packaging materials and innovative packaging machines, primarily used for the protection of perishable foods, beverages, pharmaceuticals, medical and personal care. Winpak specializes in three main streams of packaging – Flexible Packaging, Rigid Packaging & Lidding, and Packaging Machinery. The Company is closely aligned with Wipak, one of Europe’s leading manufacturers of packaging materials.