Peter Cirulis Purchases 14,814 Shares of Martinrea International Inc. (TSE:MRE) Stock

Martinrea International Inc. (TSE:MRE - Get Free Report) Senior Officer Peter Cirulis acquired 14,814 shares of the firm's stock in a transaction on Monday, May 5th. The stock was purchased at an average cost of C$7.45 per share, with a total value of C$110,393.93.

Peter Cirulis also recently made the following trade(s):

• On Thursday, March 20th, Peter Cirulis purchased 5,000 shares of Martinrea International stock. The stock was acquired at an average price of C$7.39 per share, for a total transaction of C$36,965.50.

Martinrea International Stock Performance

TSE:MRE traded down C$0.44 during trading hours on Monday, reaching C$7.30. 198,697 shares of the stock were exchanged, compared to its average volume of 143,831. Martinrea International Inc. has a 52 week low of C$6.12 and a 52 week high of C$12.65. 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 has a market capitalization of C$542.63 million, a P/E ratio of 5.44, a P/E/G ratio of 0.82 and a beta of 2.08. The firm has a 50 day simple moving average of C$7.23 and a 200-day simple moving average of C$8.75.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. CIBC raised their price objective on Martinrea International from C$8.50 to C$8.75 and gave the company a "neutral" rating in a research note on Friday. Raymond James decreased their price target on shares of Martinrea International from C$14.00 to C$12.00 and set an "outperform" rating for the company in a research report on Friday. Cibc World Mkts cut shares of Martinrea International from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 5th. Finally, TD Securities increased their price objective on shares of Martinrea International from C$10.00 to C$13.00 and gave the company a "buy" rating in a research note on Sunday. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, Martinrea International presently has an average rating of "Hold" and an average target price of C$11.19.

Martinrea International Company Profile

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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