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

Magna International Inc. (TSE:MG - Get Free Report) NYSE: MGA shares reached a new 52-week low during mid-day 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.

Analyst Upgrades and Downgrades

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

Magna International Price Performance

The company has a market cap of C$9.92 billion, a price-to-earnings ratio of 9.21, a P/E/G ratio of 0.45 and a beta of 1.60. The company has a debt-to-equity ratio of 61.81, a quick ratio of 0.83 and a current ratio of 1.14. The company's 50 day moving average price is C$54.14 and its 200 day moving average price is C$57.37.

Magna International Increases Dividend

The company also recently disclosed 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 annualized dividend and a yield of 3.95%. This is a boost from Magna International's previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Friday, February 28th. Magna International's dividend payout ratio is currently 48.07%.

Remove Ads

About Magna International

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.