Magna International (TSE:MG) Stock Price Down 0.2% – Should You Sell?

Magna International Inc. (TSE:MG) (NYSE:MGA) shares fell 0.2% on Thursday . The stock traded as low as C$64.21 and last traded at C$64.25. 1,620,541 shares traded hands during trading, an increase of 28% from the average session volume of 1,266,155 shares. The stock had previously closed at C$64.41.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on MG shares. Wolfe Research upgraded shares of Magna International to a “strong sell” rating in a research report on Thursday, September 5th. Royal Bank of Canada lowered Magna International from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, August 13th.

Magna International Trading Down 0.2 %

The firm’s 50 day moving average is C$59.35 and its 200 day moving average is C$58.60. The firm has a market capitalization of C$18.46 billion, a price-to-earnings ratio of 13.55, a price-to-earnings-growth ratio of 0.45 and a beta of 1.60. The company has a quick ratio of 0.83, a current ratio of 1.12 and a debt-to-equity ratio of 62.12.

Magna International Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 29th were paid a dividend of $0.475 per share. The ex-dividend date was Friday, November 15th. This represents a $1.90 dividend on an annualized basis and a yield of 2.96%. Magna International’s dividend payout ratio is currently 54.01%.

Magna International Company Profile

Magna International Inc designs, engineers, and manufactures components, assemblies, systems, subsystems, and modules for original equipment manufacturers of vehicles and light trucks worldwide. It operates through four segments: Body Exteriors & Structures, Power & Vision, Seating Systems, and Complete Vehicles.