Martinrea International Inc. (TSE:MRE - Get Free Report)'s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$8.03 and traded as high as C$8.37. Martinrea International shares last traded at C$8.30, with a volume of 43,726 shares changing hands.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on the stock. Raymond James Financial cut their target price on shares of Martinrea International from C$14.00 to C$12.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. TD Securities raised their price objective on shares of 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, CIBC raised 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. Three investment 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 a consensus rating of "Hold" and a consensus price target of C$11.19.
Get Our Latest Stock Analysis on MRE
Martinrea International Price Performance
The company's fifty day moving average price is C$8.50 and its 200 day moving average price is C$8.02. The company has a market capitalization of C$619.19 million, a P/E ratio of 6.21, a PEG ratio of 0.82 and a beta of 2.08. The company has a quick ratio of 0.68, a current ratio of 1.23 and a debt-to-equity ratio of 80.32.
Insider Activity at Martinrea International
In other Martinrea International news, Senior Officer Peter Cirulis bought 4,568 shares of the stock in a transaction dated Friday, May 23rd. The shares were bought at an average cost of C$7.99 per share, with a total value of C$36,485.07. Corporate 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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