Martinrea International Inc. (TSE:MRE - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-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.
Wall Street Analysts Forecast Growth
Several research firms have recently issued reports on MRE. TD Securities upped their price objective on Martinrea International from C$10.00 to C$13.00 and gave the stock a "buy" rating in a research report on Sunday, May 4th. CIBC upped their target price on 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 decreased their target price on Martinrea International from C$14.00 to C$12.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Martinrea International currently has an average rating of "Hold" and an average target price of C$11.19.
View Our Latest Stock Analysis on MRE
Martinrea International Stock Up 0.1%
The firm has a fifty day moving average price of C$8.42 and a 200-day moving average price of C$8.07. 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 firm has a market cap of C$632.57 million, a price-to-earnings ratio of 6.34, a PEG ratio of 0.82 and a beta of 2.08.
Insiders Place Their Bets
In related news, Senior Officer Peter Cirulis bought 4,568 shares of the stock in a transaction dated Friday, May 23rd. The stock was bought at an average cost of C$7.99 per share, with a total value of C$36,485.07. 11.31% of the stock is currently owned by corporate insiders.
About Martinrea International
(
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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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