Magna International (TSE:MG) Sets New 12-Month Low – Should You Sell?

Magna International Inc. (TSE:MG) (NYSE:MGA)’s share price reached a new 52-week low during mid-day trading on Monday . The company traded as low as C$47.75 and last traded at C$48.58, with a volume of 61539 shares changing hands. The stock had previously closed at C$48.70.

Analyst Ratings Changes

Several research analysts recently issued reports on MG shares. Wolfe Research upgraded shares of Magna International from a “strong sell” rating to a “hold” rating in a research report on Thursday, December 5th. Royal Bank of Canada upgraded shares of Magna International from a “hold” rating to a “moderate buy” rating in a research report on Friday, January 24th. Finally, The Goldman Sachs Group cut shares of Magna International from a “hold” rating to a “strong sell” rating in a research report on Wednesday, December 11th.

Magna International Stock Performance

The firm has a fifty day moving average of C$54.14 and a 200-day moving average of C$57.37. The company has a quick ratio of 0.83, a current ratio of 1.14 and a debt-to-equity ratio of 61.81. The firm has a market cap of C$9.90 billion, a P/E ratio of 9.19, a PEG ratio of 0.45 and a beta of 1.60.

Magna International Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, March 14th were paid a $0.485 dividend. This represents a $1.94 annualized dividend and a dividend yield of 3.96%. The ex-dividend date was Friday, February 28th. This is a positive change from Magna International’s previous quarterly dividend of $0.48. Magna International’s dividend payout ratio (DPR) is 48.07%.

About Magna International

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.