Shares of 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.
Wall Street Analysts Forecast Growth
A number of research analysts have recently weighed in on MRE shares. TD Securities lifted their price objective on 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 Martinrea International from C$8.50 to C$8.75 and gave the stock a "neutral" rating in a report on Friday, May 2nd. Finally, Raymond James Financial lowered their price target on Martinrea International from C$14.00 to C$12.00 and set an "outperform" rating on the stock in a 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 data from MarketBeat.com, Martinrea International currently has an average rating of "Hold" and a consensus target price of C$11.19.
Read Our Latest Analysis on Martinrea International
Martinrea International Trading Down 1.8%
The company has a current ratio of 1.23, a quick ratio of 0.68 and a debt-to-equity ratio of 80.32. The stock has a 50 day simple moving average of C$8.33 and a 200-day simple moving average of C$8.08. The firm has a market cap of C$645.21 million, a P/E ratio of 6.47, 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 Martinrea International stock in a transaction on Friday, May 23rd. The shares were 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.
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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