Spin Master (OTCMKTS:SNMSF) Stock Falls 0.3% – What’s Next?

Spin Master Corp. (OTCMKTS:SNMSF)’s stock price fell 0.3% during mid-day trading on Thursday. The company traded as low as $14.55 and last traded at $14.59. 78,107 shares traded hands during trading, an increase of 377% from the average daily volume of 16,369 shares. The stock had previously closed at $14.64.

Analysts Set New Price Targets

Separately, Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of Spin Master in a research note on Friday, July 31st. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Spin Master Stock Down 0.3%

The firm’s fifty day moving average is $14.48 and its two-hundred day moving average is $14.16.

Spin Master Company Profile

Spin Master Corp. is a Canadian children’s entertainment company that designs, develops, manufactures and markets toys, games and entertainment properties for children and families. Its portfolio includes products across preschool, activity, games, outdoor and digital categories, supported by licensing, content production and interactive experiences.

The company is known for brands such as PAW Patrol, Hatchimals, Kinetic Sand, Air Hogs and Rubik’s. Spin Master also develops animated and other entertainment content, including programming connected with its toy properties, and operates digital games and other interactive offerings.

Spin Master was founded in Toronto in 1994 by Ronnen Harary, Anton Rabie and Ben Varadi.