Martinrea International Inc. (TSE:MRE - Get Free Report)'s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$8.08 and traded as high as C$8.60. Martinrea International shares last traded at C$8.50, with a volume of 73,788 shares traded.
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on MRE shares. Raymond James Financial decreased their target price on shares of 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. TD Securities lifted their price objective on shares of Martinrea International from C$10.00 to C$13.00 and gave the stock a "buy" rating in a research note on Sunday, May 4th. Finally, CIBC lifted 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 report on Friday, May 2nd. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of C$11.19.
Check Out Our Latest Stock Report on Martinrea International
Martinrea International Price Performance
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 firm has a market capitalization of C$639.26 million, a P/E ratio of 6.41, a price-to-earnings-growth ratio of 0.82 and a beta of 2.08. The business has a 50 day simple moving average of C$8.42 and a two-hundred day simple moving average of C$8.06.
Insider Activity at Martinrea International
In other Martinrea International news, Senior Officer Peter Cirulis acquired 4,568 shares of the firm's stock in a transaction dated Friday, May 23rd. The stock was purchased at an average price of C$7.99 per share, for a total transaction of C$36,485.07. Corporate insiders own 11.31% of the company's stock.
About Martinrea International
(
Get Free Report)
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.
Read More
Before you consider Martinrea International, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Martinrea International wasn't on the list.
While Martinrea International currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to profit from the electric vehicle mega-trend? Enter your email address and we'll send you our list of which EV stocks show the most long-term potential.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
MarketBeat All Access Sale