Spin Master (TSE:TOY) Share Price Crosses Below 50-Day Moving Average – Time to Sell?

Spin Master Corp. (TSE:TOY)’s share price crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$32.69 and traded as low as C$31.08. Spin Master shares last traded at C$31.13, with a volume of 72,496 shares changing hands.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on TOY shares. Royal Bank of Canada cut their target price on shares of Spin Master from C$46.00 to C$43.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Cormark boosted their price target on shares of Spin Master from C$42.00 to C$45.00 in a research note on Friday, November 1st. Finally, TD Securities set a C$46.00 price objective on Spin Master and gave the company a “buy” rating in a research note on Tuesday, September 24th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Spin Master has a consensus rating of “Moderate Buy” and a consensus target price of C$42.13.

Spin Master Stock Down 0.2 %

The firm’s fifty day simple moving average is C$32.72 and its 200 day simple moving average is C$31.46. The company has a current ratio of 1.02, a quick ratio of 2.06 and a debt-to-equity ratio of 47.83. The company has a market cap of C$1.09 billion, a price-to-earnings ratio of 55.14, a PEG ratio of 0.57 and a beta of 1.86.

Spin Master Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, January 10th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, December 27th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.53%. Spin Master’s payout ratio is currently 84.21%.

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.