Magna International (TSE:MG) Reaches New 52-Week Low - Should You Sell?

Magna International Inc. (TSE:MG - Get Free Report) NYSE: MGA's share price reached a new 52-week low during trading on Monday . The stock traded as low as C$43.78 and last traded at C$44.60, with a volume of 56523 shares. The stock had previously closed at C$46.22.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada cut shares of Magna International from a "moderate buy" rating to a "hold" rating in a research note on Friday.

Magna International Stock Down 0.4 %

The firm has a 50 day moving average of C$51.77 and a two-hundred day moving average of C$56.76. The stock has a market capitalization of C$9.04 billion, a PE ratio of 8.40, a P/E/G ratio of 0.45 and a beta of 1.60. The company has a current ratio of 1.14, a quick ratio of 0.83 and a debt-to-equity ratio of 61.81.

Magna International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, March 14th were paid a dividend of $0.485 per share. This represents a $1.94 annualized dividend and a dividend yield of 4.34%. The ex-dividend date was Friday, February 28th. This is an increase from Magna International's previous quarterly dividend of $0.48. Magna International's payout ratio is 48.07%.

Magna International Company Profile

Magna International prides itself on a highly entrepreneurial culture and a corporate constitution that outlines distribution of profits to various stakeholders. This automotive supplier's product groups include exteriors, interiors, seating, roof systems, body and chassis, powertrain, vision and electronic systems, closure systems, electric vehicle systems, tooling and engineering, and contracted vehicle assembly.