Mattel, Inc. [NASDAQ: MAT] disclosed that it has been recognized by the Toy Association. The firm has received the Toy of the Year (TOTY) Award. The firm has been recognized for its efforts in creating exceptional toys for kids.
Mattel is bestowed with four 2021 “Toys of the Years Awards”. It has won awards in four categories. The categories include “Action figure of the Year,” “Doll of the Year”, “Infant/Toddler Toy of the Year”, and “Plush Toy of the Year” in 2021.
Shares of Mattel, Inc. [NASDAQ: MAT] rocketed 3.43% during the trading session of Friday. In the past 52-weeks of trading, this firm share fluctuated between the 52-week low range of $6.53 and the 52-week high range of $19.42. Its shares went up 186.52% from its 52-week low and moved down to -3.66% from its 52-week high.
Turning our focus on its profitability, it as Return on Investment is -0.50%, Return on Assets is -0.10%, and Return on Equity is -1.30%, respectively. Mattel has a Gross Margin of 48.00%, Operating Margin is 5.80%, and Profit Margin is -0.10%. Looking at its liquidity, it has a current ratio of 1.60 and a quick ratio is also 1.20. Mattel, Inc.’s market cap has stayed high, reaching $6.53 billion at the time of writing.
The US-based firm stated that these four awards proved the commitment of the firm towards its customers. The firm is endeavoring to bring innovation when creating new toys and provide them the opportunity that they get the joy of their childhood with full potential.
The awards have been bestowed to the firm after gaining the votes of judges consisted of toy retailers, media, Toy Association representatives, and customers. The awards program is a crucial campaign for The Toy Foundation, which provides the magic of play to millions of children in susceptible situations through industry-wide toy contributions and cash payments.