Martinrea International Inc. (TSE:MRE - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$8.09 and traded as high as C$8.86. Martinrea International shares last traded at C$8.78, with a volume of 97,748 shares trading hands.
Analysts Set New Price Targets
Several equities analysts recently issued reports on the stock. TD Securities boosted 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 research report on Sunday, May 4th. CIBC boosted 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 research report on Friday, May 2nd. Finally, Raymond James Financial reduced their price target on shares of 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 equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of C$11.19.
View Our Latest Research Report on Martinrea International
Martinrea International Trading Down 1.8%
The firm has a market cap of C$645.21 million, a PE ratio of 6.47, 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. The stock's fifty day simple moving average is C$8.33 and its two-hundred day simple moving average is C$8.09.
Insiders Place Their Bets
In other Martinrea International news, Senior Officer Peter Cirulis acquired 4,568 shares of the business's stock in a transaction on Friday, May 23rd. The shares were acquired at an average price of C$7.99 per share, for a total transaction of C$36,485.07. Company 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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