Spin Master (TSE:TOY) Stock Price Crosses Below 50-Day Moving Average – What’s Next?

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$25.17 and traded as low as C$22.33. Spin Master shares last traded at C$23.41, with a volume of 695,261 shares trading hands.

Analyst Ratings Changes

A number of brokerages recently issued reports on TOY. Canaccord Genuity Group lowered their price target on Spin Master from C$44.00 to C$35.00 and set a “buy” rating for the company in a report on Wednesday, February 26th. Stifel Nicolaus dropped their price target on Spin Master from C$45.00 to C$40.00 and set a “buy” rating on the stock in a research report on Wednesday, February 26th. National Bankshares cut their price target on Spin Master from C$35.00 to C$32.00 and set a “sector perform” rating on the stock in a research note on Wednesday, February 26th. TD Securities lowered their price objective on shares of Spin Master from C$46.00 to C$37.00 and set a “buy” rating for the company in a research note on Wednesday, February 26th. Finally, Jefferies Financial Group cut their target price on shares of Spin Master from C$37.00 to C$32.00 and set a “buy” rating on the stock in a research report on Thursday, April 17th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Spin Master has a consensus rating of “Moderate Buy” and an average price target of C$37.38.

Spin Master Price Performance

The company has a market cap of C$1.72 billion, a PE ratio of 55.40, a price-to-earnings-growth 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 firm has a 50 day simple moving average of C$25.17 and a 200-day simple moving average of C$29.71.

Spin Master Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, April 11th were paid a dividend of $0.12 per share. The ex-dividend date was Friday, March 28th. This represents a $0.48 annualized dividend and a dividend yield of 2.05%. Spin Master’s dividend payout ratio (DPR) is presently 113.60%.

Insider Activity at Spin Master

In related news, Senior Officer Jennifer Susan Dodge sold 1,259 shares of the company’s stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of C$25.34, for a total transaction of C$31,898.15. 2.20% of the stock is currently owned by corporate insiders.

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.