Martinrea International (TSE:MRE) Share Price Passes Above 200-Day Moving Average - Time to Sell?

Martinrea International Inc. (TSE:MRE - Get Free Report) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$8.31 and traded as high as C$8.42. Martinrea International shares last traded at C$8.32, with a volume of 102,664 shares trading hands.

Wall Street Analysts Forecast Growth

MRE has been the topic of a number of recent research reports. CIBC upped their target price on Martinrea International from C$8.50 to C$8.75 and gave the stock a "neutral" rating in a research note on Friday, May 2nd. Cibc World Mkts downgraded Martinrea International from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 5th. TD Securities upped their price objective on Martinrea International from C$10.00 to C$13.00 and gave the stock a "buy" rating in a research report on Sunday, May 4th. Finally, Raymond James dropped their price objective on shares of Martinrea International from C$14.00 to C$12.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of C$11.19.

Martinrea International Stock Performance

The company has a debt-to-equity ratio of 80.32, a quick ratio of 0.68 and a current ratio of 1.23. The firm has a market capitalization of C$631.08 million, a PE ratio of 6.33, a price-to-earnings-growth ratio of 0.82 and a beta of 2.08. The firm's 50 day moving average price is C$7.47 and its 200-day moving average price is C$8.28.

Insider Transactions at Martinrea International

In related news, Senior Officer Peter Cirulis bought 5,000 shares of the business's stock in a transaction dated Thursday, March 20th. The stock was acquired at an average price of C$7.39 per share, with a total value of C$36,965.50. Also, Senior Officer Francesco Barbara purchased 13,300 shares of Martinrea International stock in a transaction that occurred on Wednesday, March 26th. The shares were bought at an average price of C$7.90 per share, with a total value of C$105,070.00. Insiders acquired a total of 63,882 shares of company stock valued at $490,287 in the last three months. 11.31% of the stock is currently owned by company insiders.

Martinrea International Company Profile

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.