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

Magna International Inc. (TSE:MG - Get Free Report) NYSE: MGA's share price hit a new 52-week low during trading on Monday . The company traded as low as C$47.75 and last traded at C$48.58, with a volume of 61539 shares changing hands. The stock had previously closed at C$48.70.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on MG shares. The Goldman Sachs Group downgraded shares of Magna International from a "hold" rating to a "strong sell" rating in a research report on Wednesday, December 11th. Wolfe Research raised Magna International from a "strong sell" rating to a "hold" rating in a report on Thursday, December 5th. Finally, Royal Bank of Canada upgraded Magna International from a "hold" rating to a "moderate buy" rating in a research report on Friday, January 24th.

Magna International Price Performance

The company has a debt-to-equity ratio of 61.81, a current ratio of 1.14 and a quick ratio of 0.83. The stock has a market cap of C$9.35 billion, a PE ratio of 8.68, a P/E/G ratio of 0.45 and a beta of 1.60. The business has a fifty day moving average of C$53.76 and a 200 day moving average of C$57.27.

Magna International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, March 14th were paid a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a yield of 4.20%. This is a positive change from Magna International's previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Friday, February 28th. Magna International's payout ratio is presently 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.