Martinrea International Inc. (TSE:MRE - Get Free Report) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$8.06 and traded as high as C$8.65. Martinrea International shares last traded at C$8.56, with a volume of 60,398 shares changing hands.
Analyst Ratings Changes
Several analysts recently commented on MRE shares. TD Securities increased their price objective on shares of 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 target price on Martinrea International from C$8.50 to C$8.75 and gave the company a "neutral" rating in a research report on Friday, May 2nd. Finally, Raymond James Financial reduced their price objective 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. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Martinrea International has an average rating of "Hold" and an average target price of C$11.19.
Check Out Our Latest Report on MRE
Martinrea International Stock Down 1.6%
The business's 50 day simple moving average is C$8.46 and its 200 day simple moving average is C$8.05. The firm has a market capitalization of C$627.37 million, a PE ratio of 6.29, a PEG 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 Activity at Martinrea International
In related news, Senior Officer Peter Cirulis purchased 4,568 shares of the company's stock in a transaction that occurred on Friday, May 23rd. The shares were purchased at an average price of C$7.99 per share, with a total value of C$36,485.07. Insiders own 11.31% of the company's stock.
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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