Magna International (TSE:MG) Hits New 52-Week Low – Time to Sell?

Shares of Magna International Inc. (TSE:MG) (NYSE:MGA) reached a new 52-week low on Monday . The company traded as low as C$51.34 and last traded at C$52.17, with a volume of 629791 shares changing hands. The stock had previously closed at C$57.62.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on MG. The Goldman Sachs Group downgraded Magna International from a “hold” rating to a “strong sell” rating in a report on Wednesday, December 11th. Wolfe Research raised shares of Magna International from a “strong sell” rating to a “hold” rating in a research report on Thursday, December 5th. Finally, Royal Bank of Canada upgraded shares of Magna International from a “hold” rating to a “moderate buy” rating in a research note on Friday, January 24th.

Magna International Price Performance

The company has a market capitalization of C$15.53 billion, a PE ratio of 11.41, a P/E/G ratio of 0.45 and a beta of 1.60. The stock’s fifty day moving average is C$60.57 and its two-hundred day moving average is C$58.59. The company has a current ratio of 1.12, a quick ratio of 0.83 and a debt-to-equity ratio of 62.12.

Magna International Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 29th were issued a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a yield of 3.51%. The ex-dividend date of this dividend was Friday, November 15th. Magna International’s dividend payout ratio (DPR) is 54.01%.

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.