Martinrea International (TSE:MRE) Shares Pass Below 200 Day Moving Average - Time to Sell?

Key Points

• Martinrea shares crossed below their 200-day moving average (200‑day MA C$10.32), trading as low as C$8.73 and last at C$9.06 on volume of 88,237 — a common technical sell signal for investors.
• Analysts remain moderately positive with three Buys and one Hold, a consensus price target of C$12.63, while TD raised its target to C$15 and BMO cut theirs to C$10.50.
• The stock appears cheap on fundamentals (market cap C$652.4M, P/E 6.16, PEG 0.82) but shows thin profitability (net margin 2.22%, recent EPS C$0.67 on C$1.19B revenue) and relatively high leverage (debt/equity 74.05).

Shares of Martinrea International Inc. (TSE:MRE - Get Free Report) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$10.32 and traded as low as C$8.73. Martinrea International shares last traded at C$9.06, with a volume of 88,237 shares traded.

Analyst Ratings Changes

MRE has been the topic of a number of recent analyst reports. TD Securities boosted their price target on shares of Martinrea International from C$14.00 to C$15.00 and gave the stock a "buy" rating in a research note on Friday, March 6th. BMO Capital Markets reduced their price objective on shares of Martinrea International from C$11.00 to C$10.50 and set a "market perform" rating for the company in a research report on Friday, March 6th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of C$12.63.

Martinrea International Trading Up 3.3%

The company has a market cap of C$652.40 million, a price-to-earnings ratio of 6.16, a P/E/G ratio of 0.82 and a beta of 1.84. The business has a fifty day simple moving average of C$10.15 and a 200 day simple moving average of C$10.32. The company has a quick ratio of 0.68, a current ratio of 1.19 and a debt-to-equity ratio of 74.05.

Martinrea International (TSE:MRE - Get Free Report) last posted its quarterly earnings results on Thursday, March 5th. The company reported C$0.67 earnings per share for the quarter. The business had revenue of C$1.19 billion for the quarter. Martinrea International had a net margin of 2.22% and a return on equity of 7.13%. On average, equities analysts anticipate that Martinrea International Inc. will post 2.4988962 EPS for the current fiscal year.

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. The company also provides metal forming and welding solutions. The largest end market for Martinrea's products is in North America.

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