Winpak (TSE:WPK) Sets New 1-Year Low – Here’s Why

Winpak Ltd. (TSE:WPK) hit a new 52-week low during trading on Tuesday . The stock traded as low as C$38.60 and last traded at C$38.76, with a volume of 15641 shares trading hands. The stock had previously closed at C$39.95.

Wall Street Analyst Weigh In

Separately, CIBC lowered their price target on Winpak from C$54.00 to C$49.00 in a report on Friday.

Winpak Stock Down 2.8 %

The firm’s fifty day simple moving average is C$44.39 and its 200-day simple moving average is C$46.27. The company has a market cap of C$1.70 billion, a PE ratio of 11.71, a P/E/G ratio of 4.44 and a beta of 0.21.

Winpak Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Tuesday, April 1st will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.51%. Winpak’s dividend payout ratio (DPR) is 6.03%.

About Winpak

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.