Spin Master (TSE:TOY) Stock Price Crosses Above 50 Day Moving Average – Should You Sell?

Spin Master Corp. (TSE:TOY)’s share price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$20.07 and traded as high as C$23.52. Spin Master shares last traded at C$23.49, with a volume of 108,255 shares changing hands.

Analyst Ratings Changes

A number of research firms recently weighed in on TOY. TD upped their price target on Spin Master from C$26.00 to C$27.00 and gave the stock a “buy” rating in a report on Friday, July 3rd. Jefferies Financial Group boosted their target price 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. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$27.20.

Spin Master Price Performance

The company has a debt-to-equity ratio of 35.23, a quick ratio of 2.06 and a current ratio of 1.10. The company has a 50-day moving average of C$20.18 and a 200-day moving average of C$19.33. The stock has a market capitalization of C$2.10 billion, a price-to-earnings ratio of -13.55, a P/E/G ratio of 0.57 and a beta of 0.70.

Spin Master (TSE:TOY) last announced its earnings results on Thursday, July 30th. The company reported C$0.11 EPS for the quarter. Spin Master had a negative return on equity of 12.40% and a negative net margin of 7.69%.The firm had revenue of C$620.03 million for the quarter. As a group, equities research analysts expect that Spin Master Corp. will post 3.1361829 earnings per share for the current fiscal year.

Spin Master Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Friday, July 10th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date was Friday, June 26th. Spin Master’s dividend payout ratio (DPR) is currently -22.58%.

Spin Master Company Profile

Spin Master Corp. (TSX:TOY) is a leading global children’s entertainment company, creating exceptional play experiences across its three creative centres: Toys, Entertainment and Digital Games. With worldwide toy distribution, Spin Master is best known for award-winning brands including PAW Patrol ®, Melissa & Doug ®, Bakugan ® and Rubik’s ® Cube, and is the global toy licensee for other iconic properties. Through its in-house entertainment studio, the company creates and produces captivating multiplatform content including powerhouse preschool franchise PAW Patrol, along with other original shows, short-form series and feature films.