Spin Master (TSE:TOY) Shares Cross Below Fifty Day Moving Average - Here's Why

Key Points

• Spin Master Corp. shares fell below their 50-day moving average of C$23.73, closing at C$23.04, amidst a trading volume of 85,317 shares.
• Analysts show varying opinions on Spin Master, with National Bankshares upgrading the stock to an "outperform" rating and a target price increase to C$29.00, while Stifel Canada downgraded it to a "hold" rating.
• The company recently announced a quarterly dividend of $0.12 per share, which represents an annualized dividend yield of 2.1% and a payout ratio of 113.60%.

Spin Master Corp. (TSE:TOY - Get Free Report)'s stock price passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$23.73 and traded as low as C$22.97. Spin Master shares last traded at C$23.04, with a volume of 85,317 shares trading hands.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on TOY. Canaccord Genuity Group cut their target price on shares of Spin Master from C$26.00 to C$24.00 and set a "hold" rating for the company in a research note on Friday, August 1st. National Bank Financial raised shares of Spin Master from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, May 7th. Cibc World Mkts upgraded shares of Spin Master to a "hold" rating in a research report on Tuesday, June 3rd. CIBC set a C$28.00 price objective on shares of Spin Master and gave the company a "neutral" rating in a research note on Tuesday, June 3rd. Finally, TD Securities lowered their target price on Spin Master from C$32.00 to C$31.00 and set a "buy" rating on the stock in a report on Friday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of C$30.63.

Spin Master Stock Performance

The firm has a 50 day simple moving average of C$23.67 and a 200-day simple moving average of C$24.86. The company has a market cap of C$1.67 billion, a price-to-earnings ratio of 53.98, a PEG ratio of 0.57 and a beta of 1.86. The company has a debt-to-equity ratio of 39.61, a current ratio of 1.14 and a quick ratio of 2.06.

Spin Master Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 11th. Shareholders of record on Friday, July 11th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Friday, June 27th. Spin Master's dividend payout ratio (DPR) is 113.60%.

About Spin Master

Spin Master is a children's entertainment company operating in the roughly $100 billion global toy industry. The company creates, designs, manufactures, and markets a portfolio of products, brands, and entertainment properties across four key categories (outdoor, boys, preschool and girls, and activities games and puzzles and plush).