Spin Master (TSE:TOY) Stock Price Passes Below 50-Day Moving Average - Here's Why

Shares of Spin Master Corp. (TSE:TOY - Get Free Report) passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$32.74 and traded as low as C$29.94. Spin Master shares last traded at C$30.65, with a volume of 90,762 shares changing hands.

Analyst Ratings Changes

TOY has been the subject of several analyst reports. Cormark increased their price target on shares of Spin Master from C$42.00 to C$45.00 in a research note on Friday, November 1st. Royal Bank of Canada lowered their price objective on Spin Master from C$46.00 to C$43.00 and set an "outperform" rating for the company in a research report on Friday, November 1st. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of C$40.86.

Spin Master Price Performance

The company has a quick ratio of 2.06, a current ratio of 1.02 and a debt-to-equity ratio of 47.83. The stock has a fifty day moving average of C$32.68 and a two-hundred day moving average of C$31.84. The stock has a market cap of C$1.08 billion, a price-to-earnings ratio of 54.54, a price-to-earnings-growth ratio of 0.57 and a beta of 1.86.

Spin Master Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, January 10th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.54%. The ex-dividend date of this dividend was Friday, December 27th. Spin Master's dividend payout ratio (DPR) is presently 84.21%.

Spin Master Company Profile

Spin Master Corp., a children's entertainment company, engages in the creation, design, manufacture, licensing, and marketing of various toys, entertainment products, and digital games in North America, Europe, and internationally. The Toys segment's product categories include activities, games and puzzles, and plush; wheels and action; outdoor; and preschool, dolls, and interactive products.