Spin Master (TSE:TOY) Share Price Passes Above Fifty Day Moving Average – What’s Next?

Spin Master Corp. (TSE:TOY) shares 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 trading hands.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. TD Securities set a C$46.00 target price on Spin Master and gave the company a “buy” rating in a research note on Tuesday, September 24th. Cormark lifted their price objective on Spin Master from C$42.00 to C$45.00 in a report on Friday, November 1st. Finally, Royal Bank of Canada cut their price objective on Spin Master from C$46.00 to C$43.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$42.13.

Spin Master Stock Performance

The firm has a market cap of C$1.17 billion, a price-to-earnings ratio of 58.96, a price-to-earnings-growth ratio of 0.57 and a beta of 1.86. The stock has a 50-day moving average of C$32.41 and a 200-day moving average of C$31.13. The company has a debt-to-equity ratio of 47.83, a quick ratio of 2.06 and a current ratio of 1.02.

Spin Master Announces Dividend

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