Magna International (TSE:MG) Share Price Crosses Above Two Hundred Day Moving Average - Time to Sell?

Magna International Inc. (TSE:MG - Get Free Report) NYSE: MGA's stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$58.56 and traded as high as C$58.61. Magna International shares last traded at C$58.35, with a volume of 191,002 shares.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Wolfe Research upgraded Magna International from a "strong sell" rating to a "hold" rating in a research note on Thursday, December 5th. The Goldman Sachs Group cut shares of Magna International from a "hold" rating to a "strong sell" rating in a report on Wednesday, December 11th.

Magna International Stock Up 0.3 %

The company has a debt-to-equity ratio of 62.12, a quick ratio of 0.83 and a current ratio of 1.12. The firm's 50-day moving average is C$61.16 and its 200 day moving average is C$58.57. The firm has a market capitalization of C$16.81 billion, a PE ratio of 12.34, a price-to-earnings-growth ratio of 0.45 and a beta of 1.60.

Magna International (TSE:MG - Get Free Report) NYSE: MGA last posted its earnings results on Friday, November 1st. The company reported C$1.75 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of C$2.03 by C($0.28). Magna International had a net margin of 2.29% and a return on equity of 9.03%. During the same period in the previous year, the business posted $1.96 earnings per share. As a group, research analysts forecast that Magna International Inc. will post 8.8948171 earnings per share for the current fiscal year.

Magna International Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 29th were given a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.25%. The ex-dividend date of this dividend was Friday, November 15th. Magna International's dividend payout ratio is currently 54.01%.

Magna International Company Profile

Magna International Inc designs, engineers, and manufactures components, assemblies, systems, subsystems, and modules for original equipment manufacturers of vehicles and light trucks worldwide. It operates through four segments: Body Exteriors & Structures, Power & Vision, Seating Systems, and Complete Vehicles.