Martinrea International Inc. (TSE:MRE - Get Free Report) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$8.10 and traded as high as C$8.54. Martinrea International shares last traded at C$8.48, with a volume of 79,897 shares trading hands.
Analyst Ratings Changes
Several equities analysts recently weighed in on MRE shares. CIBC increased their price objective on shares of Martinrea International from C$8.50 to C$8.75 and gave the company a "neutral" rating in a report on Friday, May 2nd. TD Securities lifted their price objective on Martinrea International from C$10.00 to C$13.00 and gave the stock a "buy" rating in a research note on Sunday, May 4th. Cibc World Mkts lowered Martinrea International from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 5th. Finally, Raymond James Financial reduced their target price on Martinrea International from C$14.00 to C$12.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of C$11.19.
Read Our Latest Analysis on MRE
Martinrea International Stock Performance
The firm has a market cap of C$649.67 million, a P/E ratio of 6.51, a PEG ratio of 0.82 and a beta of 2.08. 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 stock's 50-day moving average is C$8.15 and its 200 day moving average is C$8.10.
Insider Buying and Selling at Martinrea International
In related news, Senior Officer Peter Cirulis purchased 14,814 shares of Martinrea International stock in a transaction dated Monday, May 5th. The stock was bought at an average price of C$7.45 per share, for a total transaction of C$110,393.93. 11.31% of the stock is owned by company insiders.
About Martinrea International
(
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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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