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

Spin Master Corp. (TSE:TOY)’s share price passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$31.32 and traded as low as C$30.37. Spin Master shares last traded at C$30.79, with a volume of 59,766 shares trading hands.

Wall Street Analyst Weigh In

TOY has been the topic of a number of research analyst reports. Cormark raised their price objective on shares of Spin Master from C$42.00 to C$45.00 in a report on Friday, November 1st. Royal Bank of Canada reduced their price target on shares of 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. Finally, TD Securities set a C$46.00 price objective on Spin Master and gave the stock a “buy” rating in a report on Tuesday, September 24th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Spin Master currently has an average rating of “Moderate Buy” and a consensus target price of C$42.13.

Spin Master Price Performance

The company has a 50-day moving average of C$31.30 and a 200-day moving average of C$30.48. The company has a debt-to-equity ratio of 47.83, a quick ratio of 2.06 and a current ratio of 1.02. The stock has a market cap of C$1.07 billion, a price-to-earnings ratio of 54.02, a PEG ratio of 0.57 and a beta of 1.86.

Spin Master Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, December 27th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.56%. The ex-dividend date of this dividend is Friday, December 27th. Spin Master’s dividend payout ratio (DPR) is presently 84.21%.

Insider Buying and Selling

In other Spin Master news, Director Chi Wah Yuen sold 4,704 shares of the business’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of C$31.45, for a total value of C$147,963.85. In related news, Senior Officer Tara Lise Deakin sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of C$33.27, for a total value of C$66,532.60. Also, Director Chi Wah Yuen sold 4,704 shares of the stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of C$31.45, for a total transaction of C$147,963.85. Insiders sold a total of 33,598 shares of company stock valued at $1,066,982 over the last three months. 2.20% of the stock is currently owned by company insiders.

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.