Spin Master (TSE:TOY) Shares Cross Below 50 Day Moving Average - Here's What Happened

Spin Master Corp. (TSE:TOY - Get Free Report) shares passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$24.03 and traded as low as C$23.80. Spin Master shares last traded at C$24.50, with a volume of 231,013 shares traded.

Wall Street Analyst Weigh In

Several brokerages have commented on TOY. Stifel Nicolaus decreased their target price on shares of Spin Master from C$40.00 to C$38.00 and set a "buy" rating for the company in a report on Friday, May 2nd. TD Securities reduced their price objective on shares of Spin Master from C$35.00 to C$32.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Royal Bank Of Canada dropped their target price on shares of Spin Master from C$32.00 to C$31.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. Jefferies Financial Group dropped their target price on shares of Spin Master from C$37.00 to C$32.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Finally, CIBC set a C$28.00 price target on shares of Spin Master and gave the company a "neutral" rating in a report on Tuesday, June 3rd. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Spin Master has a consensus rating of "Moderate Buy" and an average price target of C$32.63.

Spin Master Stock Up 3.4%

The stock has a 50 day moving average price of C$24.03 and a 200 day moving average price of C$26.67. The stock has a market capitalization of C$1.80 billion, a price-to-earnings ratio of 57.98, a price-to-earnings-growth ratio of 0.57 and a beta of 1.86. 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 firm also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Friday, July 11th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.96%. The ex-dividend date of this dividend is Friday, June 27th. Spin Master's dividend payout ratio (DPR) is presently 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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