Martinrea International Inc. (TSE:MRE - Get Free Report)'s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$8.15 and traded as high as C$8.47. Martinrea International shares last traded at C$8.42, with a volume of 97,467 shares.
Analyst Ratings Changes
A number of brokerages recently commented on MRE. TD Securities increased their price target on Martinrea International from C$10.00 to C$13.00 and gave the company a "buy" rating in a research report on Sunday, May 4th. CIBC lifted their price objective on shares of Martinrea International from C$8.50 to C$8.75 and gave the stock a "neutral" rating in a research report on Friday, May 2nd. Cibc World Mkts cut Martinrea International from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 5th. Finally, Raymond James Financial cut their price objective on shares of Martinrea International from C$14.00 to C$12.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Martinrea International currently has an average rating of "Hold" and an average target price of C$11.19.
Get Our Latest Analysis on Martinrea International
Martinrea International Stock Performance
The company's fifty day simple moving average is C$7.96 and its 200 day simple moving average is C$8.14. The stock has a market capitalization of C$625.14 million, a P/E ratio of 6.27, a P/E/G ratio of 0.82 and a beta of 2.08. The company has a current ratio of 1.23, a quick ratio of 0.68 and a debt-to-equity ratio of 80.32.
Insider Buying and Selling at Martinrea International
In related news, Senior Officer Peter Cirulis acquired 4,568 shares of the company's stock in a transaction dated Friday, May 23rd. The stock was bought at an average cost of C$7.99 per share, with a total value of C$36,485.07. Insiders own 11.31% of the company's stock.
Martinrea International Company Profile
(
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Martinrea International Inc is a Canadian producer of steel and aluminium parts and fluid management systems. Its products are used primarily in the automotive sector by the majority of vehicle manufacturers. Martinrea manufactures aluminum engine blocks, specialized products, suspensions, chassis modules and components, and fluid management systems for fuel, power steering and brake fluids.
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