Spin Master (TSE:TOY) Stock Crosses Below Fifty Day Moving Average – Here’s Why

Shares of Spin Master Corp. (TSE:TOY) passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$18.66 and traded as low as C$18.52. Spin Master shares last traded at C$18.66, with a volume of 202,190 shares trading hands.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Canaccord Genuity Group decreased their price target on shares of Spin Master from C$22.00 to C$20.00 and set a “hold” rating on the stock in a research note on Friday, March 6th. Stifel Nicolaus upped their price target on shares of Spin Master from C$20.00 to C$21.00 and gave the company a “hold” rating in a research note on Friday, March 6th. Royal Bank Of Canada decreased their price target 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 Friday, March 6th. Jefferies Financial Group upped their price target on shares of Spin Master from C$23.00 to C$26.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Finally, ATB Cormark Capital Markets upped their price target on shares of Spin Master from C$36.00 to C$38.00 and gave the company an “outperform” rating in a research note on Friday, March 6th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of C$27.22.

Spin Master Price Performance

The stock has a market cap of C$1.88 billion, a P/E ratio of -12.12, a PEG ratio of 0.57 and a beta of 0.78. The company has a debt-to-equity ratio of 35.23, a current ratio of 1.10 and a quick ratio of 2.06. The business’s fifty day moving average price is C$18.66 and its 200 day moving average price is C$19.15.

Spin Master (TSE:TOY) last posted its earnings results on Thursday, April 30th. The company reported C($0.33) EPS for the quarter. The company had revenue of C$456.71 million during the quarter. Spin Master had a negative return on equity of 12.40% and a negative net margin of 7.69%. Sell-side analysts forecast that Spin Master Corp. will post 3.1361829 EPS for the current fiscal year.

Spin Master Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 10th. Stockholders of record on Friday, April 10th were issued a $0.12 dividend. The ex-dividend date of this dividend was Friday, March 27th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.6%. Spin Master’s dividend payout ratio is -22.58%.

Spin Master Company Profile

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.