Magna International (TSE:MG) Stock Price Passes Above 200 Day Moving Average – Time to Sell?

Magna International Inc. (TSE:MG) (NYSE:MGA)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$88.06 and traded as high as C$95.85. Magna International shares last traded at C$95.35, with a volume of 1,096,345 shares changing hands.

Magna International Price Performance

The stock has a fifty day moving average of C$94.28 and a 200-day moving average of C$88.06. The company has a quick ratio of 0.83, a current ratio of 1.22 and a debt-to-equity ratio of 55.07. The firm has a market capitalization of C$25.51 billion, a P/E ratio of 35.06, a PEG ratio of 0.45 and a beta of 2.04.

Magna International (TSE:MG) (NYSE:MGA) last announced its earnings results on Friday, July 31st. The company reported C$2.64 earnings per share for the quarter. Magna International had a net margin of 1.77% and a return on equity of 6.15%. The company had revenue of C$15.60 billion during the quarter. Equities analysts predict that Magna International Inc. will post 8.8948171 EPS for the current fiscal year.

Magna International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 28th were issued a $0.495 dividend. The ex-dividend date of this dividend was Friday, August 14th. This represents a $1.98 dividend on an annualized basis and a dividend yield of 2.1%. Magna International’s dividend payout ratio (DPR) is currently 72.06%.

Insiders Place Their Bets

In related news, insider Bruce Cluney sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of C$95.22, for a total value of C$476,100.00. Following the completion of the transaction, the insider owned 40,239 shares in the company, valued at C$3,831,557.58. The trade was a 11.05% decrease in their position. 6.18% of the stock is owned by company insiders.

Magna International Company Profile

Magna is one of the world’s largest automotive suppliers and a trusted partner to automakers in the industry’s most critical markets-North America, Europe, and China. With a global team and footprint spanning 28 countries, we bring unmatched scale, trusted reliability, and proven execution. Backed by nearly seven decades of experience, we combine deep manufacturing expertise with innovative vehicle systems to deliver performance, safety and quality.