Spin Master (TSE:TOY) Shares Pass Below 50 Day Moving Average – Here’s Why

Spin Master Corp. (TSE:TOY)’s share price crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$32.40 and traded as low as C$29.96. Spin Master shares last traded at C$30.18, with a volume of 41,006 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on TOY shares. Cormark raised their price objective on Spin Master from C$42.00 to C$45.00 in a research note on Friday, November 1st. Royal Bank of Canada cut their target price on Spin Master from C$46.00 to C$43.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Spin Master presently has an average rating of “Moderate Buy” and an average target price of C$40.86.

Spin Master Stock Performance

The company has a market cap of C$2.21 billion, a PE ratio of 71.43, a PEG ratio of 0.57 and a beta of 1.86. The company has a quick ratio of 2.06, a current ratio of 1.14 and a debt-to-equity ratio of 39.61. The company has a 50-day moving average of C$32.40 and a 200-day moving average of C$31.82.

Spin Master Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, January 10th were issued a dividend of $0.12 per share. The ex-dividend date was Friday, December 27th. This represents a $0.48 dividend on an annualized basis and a yield of 1.59%. Spin Master’s dividend payout ratio (DPR) is currently 113.60%.

About Spin Master

Spin Master Corp., a children's entertainment company, engages in the creation, design, manufacture, licensing, and marketing of various toys, entertainment products, and digital games in North America, Europe, and internationally. The Toys segment's product categories include activities, games and puzzles, and plush; wheels and action; outdoor; and preschool, dolls, and interactive products.