Spin Master (OTCMKTS:SNMSF) Shares Down 0.3% – Here’s What Happened

Spin Master Corp. (OTCMKTS:SNMSF) shares traded down 0.3% during mid-day trading on Thursday. The company traded as low as $14.55 and last traded at $14.59. Approximately 78,107 shares were traded during mid-day trading, an increase of 377% from the average session volume of 16,369 shares. The stock had previously closed at $14.64.

Wall Street Analysts Forecast Growth

Separately, Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of Spin Master in a research report on Friday, July 31st. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Spin Master Stock Down 0.3%

The stock has a 50 day moving average price of $14.48 and a two-hundred day moving average price of $14.16.

About Spin Master

Spin Master Corp. is a Canadian children’s entertainment company that designs, develops, manufactures and markets toys, games and entertainment properties for children and families. Its portfolio includes products across preschool, activity, games, outdoor and digital categories, supported by licensing, content production and interactive experiences.

The company is known for brands such as PAW Patrol, Hatchimals, Kinetic Sand, Air Hogs and Rubik’s. Spin Master also develops animated and other entertainment content, including programming connected with its toy properties, and operates digital games and other interactive offerings.

Spin Master was founded in Toronto in 1994 by Ronnen Harary, Anton Rabie and Ben Varadi.