Home / Consumer Goods / Midday Laggard: Mattel Inc. (MAT) a Drain on Consumer Goods Sector, Sheds 11.09% on April 21

Midday Laggard: Mattel Inc. (MAT) a Drain on Consumer Goods Sector, Sheds 11.09% on April 21

Mattel Inc. (MAT) lost ground during morning trading on April 21 to make it one of the worst performers amongst all NYSE and NASDAQ listed stocks in the consumer goods sector halfway through the trading day. At the lunch break, shares of MAT have fallen 11.09% to $22.41 after closing the day prior at $25.21. So far, the stock has traded as high as $24.08 and as low as $22.22. Today’s decline has come with about 21.67 million shares changing hands, compared to an average 30-day volume of 4.1 million for Mattel Inc.. The price is currently below the 30-day volume weighted average price of $22.66 for MAT.

The share depreciation gives the company a market capitalization of $8.63 billion based upon 342.51 million shares outstanding. It also means that MAT has a price-to-book ratio of 3.57:1.

In the past 52 weeks, shares of MAT have traded as low as $24.6 and as high as $34.24. Technical traders will take note that at $22.41, shares of MAT are trading below their 200-day MA at $29.07 and below their 50-day MA at $25.42. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding below them is typically regarded as bearish.

Who is MAT?

Mattel Inc designs, manufactures, and markets a variety of toy products through sales to its customers and directly to consumers. The products include fashion dolls, infant and preschool products, toy cars, and electrical vehicles, among others. The company’s 32000 employees are led by CEO Mary Margaret Hastings Georgiadis / Christopher A Sinclair from the corporate headquarters at 333 Continental Boulevard in El Segundo, CA.


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