Shares of Magna International Inc. (TSE:MG - Get Free Report) NYSE: MGA crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$58.42 and traded as low as C$55.25. Magna International shares last traded at C$55.73, with a volume of 907,502 shares traded.
Analyst Ratings Changes
Several analysts have issued reports on the company. The Goldman Sachs Group cut Magna International from a "hold" rating to a "strong sell" rating in a research report on Wednesday, December 11th. Royal Bank of Canada raised Magna International from a "hold" rating to a "moderate buy" rating in a research report on Friday, January 24th. Finally, Wolfe Research upgraded Magna International from a "strong sell" rating to a "hold" rating in a research note on Thursday, December 5th.
Check Out Our Latest Stock Report on MG
Magna International Price Performance
The firm has a market cap of C$10.84 billion, a PE ratio of 10.07, a price-to-earnings-growth ratio of 0.45 and a beta of 1.60. The stock has a 50 day simple moving average of C$59.30 and a two-hundred day simple moving average of C$58.29. The company has a debt-to-equity ratio of 61.81, a quick ratio of 0.83 and a current ratio of 1.14.
Magna International Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, March 14th will be issued a dividend of $0.485 per share. The ex-dividend date is Friday, February 28th. This is an increase from Magna International's previous quarterly dividend of $0.48. This represents a $1.94 dividend on an annualized basis and a yield of 3.62%. Magna International's dividend payout ratio is 48.07%.
Magna International Company Profile
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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.
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