Martinrea International (TSE:MRE) Share Price Crosses Above 200-Day Moving Average - Should You Sell?

Martinrea International Inc. (TSE:MRE - Get Free Report)'s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$8.25 and traded as high as C$8.84. Martinrea International shares last traded at C$8.33, with a volume of 140,882 shares.

Analysts Set New Price Targets

MRE has been the topic of a number of recent analyst reports. Cibc World Mkts cut shares of Martinrea International from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 5th. CIBC raised 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 research report on Friday, May 2nd. TD Securities lifted their target price on shares of Martinrea International from C$10.00 to C$13.00 and gave the company a "buy" rating in a research note on Sunday, May 4th. Finally, Raymond James Financial cut their price target on 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. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of C$11.19.

Martinrea International Stock Performance

The firm has a market capitalization of C$624.39 million, a PE ratio of 6.26, a price-to-earnings-growth 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 business's fifty day simple moving average is C$7.72 and its 200-day simple moving average is C$8.21.

Insider Buying and Selling at Martinrea International

In other news, Senior Officer Peter Cirulis bought 5,000 shares of the stock in a transaction dated Thursday, March 20th. The stock was purchased at an average cost of C$7.39 per share, for a total transaction of C$36,965.50. Also, Director Frank Patrick D'eramo bought 26,200 shares of the business's stock in a transaction that occurred on Monday, March 24th. The stock was acquired at an average cost of C$7.69 per share, with a total value of C$201,372.26. Insiders purchased 63,882 shares of company stock valued at $490,287 in the last 90 days. Insiders own 11.31% of the company's stock.

Martinrea International Company Profile

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.