Spin Master (TSE:TOY) Stock Price Passes Below Fifty Day Moving Average – What’s Next?

Shares of Spin Master Corp. (TSE:TOY) crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$18.53 and traded as low as C$18.41. Spin Master shares last traded at C$18.68, with a volume of 414,311 shares changing hands.

Analyst Upgrades and Downgrades

TOY has been the subject of several analyst reports. Royal Bank Of Canada decreased their target price on Spin Master from C$27.00 to C$25.00 and set an “outperform” rating for the company in a research report on Friday, March 6th. Stifel Nicolaus upped their price objective on Spin Master from C$20.00 to C$21.00 and gave the company a “hold” rating in a research note on Friday, March 6th. ATB Cormark Capital Markets upped their price objective on Spin Master from C$36.00 to C$38.00 and gave the company an “outperform” rating in a research note on Friday, March 6th. Jefferies Financial Group increased their price target on Spin Master from C$23.00 to C$26.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Finally, Canaccord Genuity Group dropped their price target on Spin Master from C$22.00 to C$20.00 and set a “hold” rating on the stock in a research report on Friday, March 6th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$27.22.

Spin Master Price Performance

The business has a 50-day moving average price of C$18.53 and a 200 day moving average price of C$19.21. The company has a market cap of C$1.88 billion, a price-to-earnings ratio of -12.13, a P/E/G ratio of 0.57 and a beta of 0.80. The company has a current ratio of 1.10, a quick ratio of 2.06 and a debt-to-equity ratio of 35.23.

Spin Master (TSE:TOY) last announced its quarterly earnings data on Thursday, April 30th. The company reported C($0.33) EPS for the quarter. Spin Master had a negative net margin of 7.69% and a negative return on equity of 12.40%. The company had revenue of C$456.71 million for the quarter. As a group, research analysts expect that Spin Master Corp. will post 3.1361829 earnings per share for the current fiscal year.

Spin Master Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 10th. Stockholders of record on Friday, April 10th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date was Friday, March 27th. Spin Master’s dividend payout ratio is -22.58%.

Spin Master Company Profile

Spin Master is a children’s entertainment company operating in the roughly $100 billion global toy industry. The company creates, designs, manufactures, and markets a portfolio of products, brands, and entertainment properties across four key categories (outdoor, boys, preschool and girls, and activities games and puzzles and plush). Spin Master has increased brand awareness via homegrown brands including Paw Patrol, Rusty Rivets, and Bakugan but has leaned on a robust acquisition strategy to reach adjacent markets through tie-ups like Rubik’s, Swimways, and Cardinal Games.