Spin Master (TSE:TOY) Shares Pass Above Fifty Day Moving Average – What’s Next?

Spin Master Corp. (TSE:TOY)’s share price 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 traded.

Wall Street Analysts Forecast Growth

TOY has been the subject of several research analyst reports. Cormark lifted their price objective on shares of Spin Master from C$42.00 to C$45.00 in a research note on Friday, November 1st. Royal Bank of Canada dropped their price objective on shares of Spin Master from C$46.00 to C$43.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Finally, 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. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$42.13.

Spin Master Price Performance

The stock has a market cap of C$1.17 billion, a P/E ratio of 58.96, a price-to-earnings-growth ratio of 0.57 and a beta of 1.86. The company has a quick ratio of 2.06, a current ratio of 1.02 and a debt-to-equity ratio of 47.83. The business’s 50-day simple moving average is C$32.37 and its two-hundred day simple moving average is C$31.10.

Spin Master Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Friday, January 10th will be issued a dividend of $0.12 per share. The ex-dividend date is Friday, December 27th. This represents a $0.48 dividend on an annualized basis and a yield of 1.43%. 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.