Spin Master (TSE:TOY) Stock Passes Above 50-Day Moving Average – Here’s Why

Spin Master Corp. (TSE:TOY)’s share price crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$32.37 and traded as high as C$33.61. Spin Master shares last traded at C$33.61, with a volume of 15,499 shares.

Analyst Upgrades and Downgrades

TOY has been the topic of several recent analyst reports. Cormark raised their price target on Spin Master from C$42.00 to C$45.00 in a report on Friday, November 1st. Royal Bank of Canada lowered their price objective on shares of Spin Master from C$46.00 to C$43.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Finally, TD Securities set a C$46.00 target price on shares of Spin Master and gave the stock 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 issued a buy rating to the company. According to data from MarketBeat.com, Spin Master has an average rating of “Moderate Buy” and a consensus target price of C$42.13.

Spin Master Trading Up 0.3 %

The stock has a market capitalization of C$1.17 billion, a P/E ratio of 58.96, a price-to-earnings-growth ratio of 0.57 and a beta of 1.86. The stock’s fifty day moving average price is C$32.37 and its two-hundred day moving average price is C$31.10. The company has a current ratio of 1.02, a quick ratio of 2.06 and a debt-to-equity ratio of 47.83.

Spin Master Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Friday, January 10th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.43%. The ex-dividend date is Friday, December 27th. Spin Master’s dividend payout ratio is presently 84.21%.

About Spin Master

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.