Magna International (TSE:MG) Sets New 52-Week Low - What's Next?

Magna International Inc. (TSE:MG - Get Free Report) NYSE: MGA's stock price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as C$51.34 and last traded at C$52.17, with a volume of 629791 shares traded. The stock had previously closed at C$57.62.

Analyst Ratings Changes

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

Magna International Trading Down 1.6 %

The business has a 50 day moving average of C$60.21 and a 200 day moving average of C$58.51. The firm has a market capitalization of C$15.80 billion, a price-to-earnings ratio of 11.60, a PEG ratio of 0.45 and a beta of 1.60. The company has a debt-to-equity ratio of 62.12, a current ratio of 1.12 and a quick ratio of 0.83.

Magna International Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 29th were paid a $0.475 dividend. The ex-dividend date was Friday, November 15th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.46%. Magna International's dividend payout ratio (DPR) is presently 54.01%.

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.