Spin Master (TSE:TOY) Stock Crosses Below Fifty Day Moving Average – Should You Sell?

Spin Master Corp. (TSE:TOY) shares passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$32.69 and traded as low as C$31.08. Spin Master shares last traded at C$31.13, with a volume of 72,496 shares.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. TD Securities set a C$46.00 target price on shares of Spin Master and gave the company a “buy” rating in a research report on Tuesday, September 24th. Cormark increased their price objective on shares of Spin Master from C$42.00 to C$45.00 in a report on Friday, November 1st. Finally, Royal Bank of Canada lowered their target price on Spin Master from C$46.00 to C$43.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Spin Master has a consensus rating of “Moderate Buy” and a consensus price target of C$42.13.

Spin Master Price Performance

The firm has a market cap of C$1.09 billion, a price-to-earnings ratio of 55.14, a P/E/G ratio of 0.57 and a beta of 1.86. The company has a current ratio of 1.02, a quick ratio of 2.06 and a debt-to-equity ratio of 47.83. The stock’s fifty day moving average price is C$32.72 and its 200-day moving average price is C$31.46.

Spin Master Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, January 10th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.53%. The ex-dividend date of this dividend was Friday, December 27th. Spin Master’s dividend payout ratio (DPR) is presently 84.21%.

Spin Master Company Profile

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.