Martinrea International Inc. (TSE:MRE - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$8.88 and traded as high as C$10.49. Martinrea International shares last traded at C$10.36, with a volume of 252,958 shares traded.
Analyst Upgrades and Downgrades
Several research analysts have commented on MRE shares. Cibc World Mkts upgraded shares of Martinrea International from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 26th. CIBC upgraded shares of Martinrea International from a "neutral" rating to an "outperform" rating and upped their target price for the stock from C$10.50 to C$13.00 in a research report on Tuesday, August 26th. Finally, TD Securities upped their target price on shares of Martinrea International from C$13.00 to C$14.00 and gave the stock a "buy" rating in a research report on Wednesday, August 13th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Martinrea International currently has a consensus rating of "Buy" and a consensus target price of C$12.50.
Get Our Latest Report on MRE
Martinrea International Stock Up 2.7%
The firm's fifty day moving average price is C$10.44 and its 200-day moving average price is C$8.88. The company has a debt-to-equity ratio of 80.32, a current ratio of 1.23 and a quick ratio of 0.68. The firm has a market capitalization of C$754.08 million, a P/E ratio of -12.95, a PEG ratio of 0.82 and a beta of 1.89.
Martinrea International Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Wednesday, October 15th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Monday, September 29th. Martinrea International's dividend payout ratio (DPR) is presently -25.00%.
Martinrea International Company Profile
(
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.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
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 Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
