Corby Spirit and Wine (TSE:CSW.A) Shares Cross Above 50-Day Moving Average – Should You Sell?

Corby Spirit and Wine Ltd (TSE:CSW.A)’s stock price passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$14.42 and traded as high as C$14.61. Corby Spirit and Wine shares last traded at C$14.48, with a volume of 12,967 shares trading hands.

Corby Spirit and Wine Price Performance

The firm has a market capitalization of C$412.23 million, a price-to-earnings ratio of 14.06 and a beta of 0.33. The stock’s fifty day moving average price is C$14.42 and its two-hundred day moving average price is C$14.24. The company has a current ratio of 2.34, a quick ratio of 1.77 and a debt-to-equity ratio of 77.55.

Corby Spirit and Wine (TSE:CSW.A) last issued its earnings results on Wednesday, February 11th. The company reported C$0.32 EPS for the quarter. The firm had revenue of C$66.91 million during the quarter. Corby Spirit and Wine had a net margin of 10.41% and a return on equity of 13.22%. Equities research analysts expect that Corby Spirit and Wine Ltd will post 0.99 EPS for the current year.

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.