Spin Master (TSE:TOY) Sets New 52-Week Low - Time to Sell?

Key Points

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Shares of Spin Master Corp. (TSE:TOY - Get Free Report) hit a new 52-week low on Thursday . The company traded as low as C$20.30 and last traded at C$22.44, with a volume of 174728 shares changing hands. The stock had previously closed at C$24.93.

Analyst Ratings Changes

Several research firms recently weighed in on TOY. CIBC set a C$28.00 price objective on Spin Master and gave the company a "neutral" rating in a research note on Tuesday, June 3rd. National Bank Financial upgraded shares of Spin Master from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, May 7th. National Bankshares upgraded shares of Spin Master from a "sector perform" rating to an "outperform" rating and upped their price objective for the stock from C$26.00 to C$29.00 in a research report on Thursday, May 8th. Cibc World Mkts upgraded shares of Spin Master to a "hold" rating in a research report on Tuesday, June 3rd. Finally, Jefferies Financial Group lowered their price target on shares of Spin Master from C$37.00 to C$32.00 and set a "buy" rating for the company in a report on Thursday, April 17th. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of C$32.00.

Spin Master Stock Performance

The company has a market cap of C$1.63 billion, a PE ratio of 52.61, a PEG ratio of 0.57 and a beta of 1.86. The company has a 50-day moving average of C$24.25 and a 200-day moving average of C$25.82. The company has a quick ratio of 2.06, a current ratio of 1.14 and a debt-to-equity ratio of 39.61.

Spin Master Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 11th. Shareholders of record on Friday, July 11th were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date was Friday, June 27th. Spin Master's payout ratio is 113.60%.

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.

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