Spin Master (TSE:TOY) Stock Price Passes Below 50-Day Moving Average – What’s Next?
by Scott Moore · The Cerbat GemSpin Master Corp. (TSE:TOY – Get Free Report)’s stock price passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$21.08 and traded as low as C$19.22. Spin Master shares last traded at C$19.29, with a volume of 125,620 shares trading hands.
Wall Street Analyst Weigh In
Separately, TD boosted their target price on Spin Master from C$26.00 to C$27.00 and gave the company a “buy” rating in a research note on Friday, July 3rd. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$27.20.
Spin Master Price Performance
The company has a quick ratio of 2.06, a current ratio of 1.09 and a debt-to-equity ratio of 30.48. The firm’s fifty day moving average price is C$21.03 and its 200-day moving average price is C$19.54. The stock has a market cap of C$1.98 billion, a P/E ratio of -25.42, a PEG ratio of 0.57 and a beta of 0.73.
Spin Master (TSE:TOY – Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The company reported C$0.11 EPS for the quarter. The company had revenue of C$620.03 million during the quarter. Spin Master had a negative net margin of 4.01% and a negative return on equity of 6.74%. Analysts forecast that Spin Master Corp. will post 3.1361829 earnings per share for the current year.
Spin Master Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Friday, July 10th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Friday, June 26th. Spin Master’s dividend payout ratio is currently -44.16%.
About Spin Master
Spin Master Corp. (TSX:TOY) is a leading global children’s entertainment company, creating exceptional play experiences across its three creative centres: Toys, Entertainment and Digital Games. With worldwide toy distribution, Spin Master is best known for award-winning brands including PAW Patrol ®, Melissa & Doug ®, Bakugan ® and Rubik’s ® Cube, and is the global toy licensee for other iconic properties. Through its in-house entertainment studio, the company creates and produces captivating multiplatform content including powerhouse preschool franchise PAW Patrol, along with other original shows, short-form series and feature films.