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

Key Points

• Martinrea International's stock price has surpassed its 200-day moving average, reflecting increasing investor interest, with recent trading at C$8.30.
• Research analysts have mixed forecasts for the company; while TD Securities raised their price target to C$13.00, Raymond James lowered theirs to C$12.00, resulting in a consensus rating of "Hold."
• Insider activity includes Senior Officer Peter Cirulis purchasing 4,568 shares at C$7.99 each, contributing to 11.31% of insider ownership.

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 traded.

Wall Street Analysts Forecast Growth

MRE has been the topic of a number of research analyst reports. Raymond James Financial decreased their target price on Martinrea International from C$14.00 to C$12.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. CIBC increased their price target 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. Finally, TD Securities increased their price target on shares of Martinrea International from C$10.00 to C$13.00 and gave the company a "buy" rating in a report on Sunday, May 4th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of C$11.19.

Martinrea International Trading Down 0.2%

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 fifty day moving average is C$8.50 and its 200 day moving average is C$8.03. The stock has a market cap of C$616.96 million, a P/E ratio of 6.18, a P/E/G ratio of 0.82 and a beta of 2.08.

Insider Transactions at Martinrea International

In other news, Senior Officer Peter Cirulis acquired 4,568 shares of the firm's stock in a transaction on Friday, May 23rd. The stock was acquired at an average price of C$7.99 per share, with a total value of C$36,485.07. 11.31% of the stock is currently owned by insiders.

About Martinrea International

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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