Winpak (TSE:WPK) Hits New 52-Week Low – Should You Sell?

Winpak Ltd. (TSE:WPK)’s share price hit a new 52-week low 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 Analysts Forecast Growth

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

Winpak Stock Down 2.8 %

The stock has a market capitalization of C$1.70 billion, a price-to-earnings ratio of 11.71, a P/E/G ratio of 4.44 and a beta of 0.21. The stock has a fifty day moving average of C$44.39 and a 200-day moving average of C$46.27.

Winpak Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Tuesday, April 1st will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.51%. Winpak’s dividend payout ratio (DPR) is presently 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.