Spin Master (TSE:TOY) Stock Price Passes Below 50-Day Moving Average – Should You Sell?

Spin Master Corp. (TSE:TOY) crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-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.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Royal Bank of Canada decreased their price objective on Spin Master from C$46.00 to C$43.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Cormark raised their price target on shares of Spin Master from C$42.00 to C$45.00 in a research note on Friday, November 1st. Finally, TD Securities set a C$46.00 price objective on shares of Spin Master and gave the company a “buy” rating in a research report on Tuesday, September 24th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Spin Master has a consensus rating of “Moderate Buy” and a consensus price target of C$42.13.

Spin Master Stock Performance

The company’s fifty day moving average price is C$31.30 and its two-hundred day moving average price is 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 firm has a market capitalization of C$1.07 billion, a PE ratio of 54.02, a price-to-earnings-growth ratio of 0.57 and a beta of 1.86.

Spin Master Dividend Announcement

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

Insider Transactions at Spin Master

In related news, Senior Officer Tara Lise Deakin sold 24,700 shares of Spin Master stock in a transaction on Friday, August 23rd. The stock was sold at an average price of C$31.87, for a total value of C$787,235.93. In other Spin Master news, Senior Officer Tara Lise Deakin sold 24,700 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of C$31.87, for a total transaction of C$787,235.93. Also, Senior Officer Douglas Wadleigh sold 2,094 shares of the firm’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of C$29.70, for a total transaction of C$62,187.19. Insiders sold a total of 33,598 shares of company stock worth $1,066,982 in the last ninety days. Insiders own 2.20% of the company’s stock.

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.