Spin Master (TSE:TOY) Stock Price Passes Below 50 Day Moving Average – Should You Sell?

Spin Master Corp. (TSE:TOY) crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$19.51 and traded as low as C$19.19. Spin Master shares last traded at C$19.40, with a volume of 61,022 shares.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on TOY. Canadian Imperial Bank of Commerce increased their price target on Spin Master from C$23.00 to C$25.00 in a report on Friday, October 31st. Jefferies Financial Group dropped their target price on shares of Spin Master from C$28.00 to C$26.00 in a research report on Friday, October 31st. National Bank Financial cut their target price on shares of Spin Master from C$27.00 to C$25.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 13th. Cormark decreased their price target on shares of Spin Master from C$44.00 to C$39.00 in a research note on Friday, October 31st. Finally, Seaport Research Partners upgraded shares of Spin Master to a “strong-buy” rating in a report on Monday, November 10th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$26.63.

Spin Master Trading Up 0.6%

The business has a fifty day moving average of C$19.51 and a 200-day moving average of C$20.36. The company has a debt-to-equity ratio of 39.61, a quick ratio of 2.06 and a current ratio of 1.14. The company has a market capitalization of C$1.95 billion, a P/E ratio of 35.93, a PEG ratio of 0.57 and a beta of 0.61.

Spin Master Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 9th. Investors of record on Friday, January 9th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date was Wednesday, December 24th. Spin Master’s dividend payout ratio is currently 63.22%.

About Spin Master

Spin Master is a children’s entertainment company operating in the roughly $100 billion global toy industry. The company creates, designs, manufactures, and markets a portfolio of products, brands, and entertainment properties across four key categories (outdoor, boys, preschool and girls, and activities games and puzzles and plush). Spin Master has increased brand awareness via homegrown brands including Paw Patrol, Rusty Rivets, and Bakugan but has leaned on a robust acquisition strategy to reach adjacent markets through tie-ups like Rubik’s, Swimways, and Cardinal Games.