Magna International (TSE:MG) Stock Price Down 4.9% – Time to Sell?

Magna International Inc. (TSE:MG) (NYSE:MGA)’s share price fell 4.9% during mid-day trading on Thursday . The stock traded as low as C$51.12 and last traded at C$51.12. 63,008 shares were traded during trading, a decline of 96% from the average session volume of 1,659,405 shares. The stock had previously closed at C$53.77.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Royal Bank of Canada raised shares of Magna International from a “hold” rating to a “moderate buy” rating in a research report on Friday, January 24th. The Goldman Sachs Group cut Magna International from a “hold” rating to a “strong sell” rating in a research note on Wednesday, December 11th. Finally, Wolfe Research upgraded Magna International from a “strong sell” rating to a “hold” rating in a research note on Thursday, December 5th.

Magna International Stock Down 7.4 %

The company has a debt-to-equity ratio of 61.81, a current ratio of 1.14 and a quick ratio of 0.83. The stock has a market capitalization of C$10.07 billion, a price-to-earnings ratio of 9.35, a PEG ratio of 0.45 and a beta of 1.60. The firm’s fifty day moving average is C$54.88 and its 200-day moving average is C$57.55.

Magna International Increases Dividend

The business 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 dividend on an annualized basis and a dividend yield of 3.90%. 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 is 48.07%.

Magna International Company Profile

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.