Spin Master (TSE:TOY) Shares Cross Below 50-Day Moving Average – Here’s What Happened

Spin Master Corp. (TSE:TOY)’s stock price passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$19.81 and traded as low as C$18.64. Spin Master shares last traded at C$18.69, with a volume of 194,884 shares changing hands.

Analyst Ratings Changes

TOY has been the subject of several research analyst reports. National Bankshares cut their target price on Spin Master from C$27.00 to C$25.00 and set an “outperform” rating for the company in a research report on Tuesday, January 13th. Royal Bank Of Canada dropped their price target on Spin Master from C$30.00 to C$29.00 and set an “outperform” rating for the company in a research note on Wednesday, October 29th. CIBC lifted their price objective on shares of Spin Master from C$23.00 to C$25.00 in a research report on Friday, October 31st. Cormark lowered their target price on shares of Spin Master from C$44.00 to C$39.00 in a report on Friday, October 31st. Finally, Seaport Research Partners raised shares of Spin Master to a “strong-buy” rating in a research note on Monday, November 10th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$27.38.

Spin Master Stock Down 1.6%

The company has a debt-to-equity ratio of 39.61, a current ratio of 1.14 and a quick ratio of 2.06. The company’s 50-day simple moving average is C$19.81 and its 200 day simple moving average is C$21.01. The firm has a market cap of C$1.88 billion, a P/E ratio of 34.61, a price-to-earnings-growth ratio of 0.57 and a beta of 0.66.

Spin Master (TSE:TOY) last posted its earnings results on Thursday, October 30th. The company reported C$1.11 earnings per share for the quarter. Spin Master had a net margin of 1.45% and a return on equity of 2.24%. The firm had revenue of C$1.02 billion for the quarter. Research analysts anticipate that Spin Master Corp. will post 3.1361829 EPS for the current fiscal year.

Spin Master Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 9th. Shareholders of record on Friday, January 9th were given a dividend of $0.12 per share. The ex-dividend date was Wednesday, December 24th. This represents a $0.48 dividend on an annualized basis and a yield of 2.6%. Spin Master’s dividend payout ratio is 63.22%.

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.