Martinrea International (TSE:MRE) Sets New 12-Month Low at $11.06

Martinrea International Inc. (TSE:MRE - Get Free Report) shares hit a new 52-week low on Monday . The company traded as low as C$11.06 and last traded at C$11.10, with a volume of 44283 shares trading hands. The stock had previously closed at C$11.27.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on MRE. Scotiabank downgraded shares of Martinrea International from an "outperform" rating to a "sector perform" rating and lowered their target price for the company from C$18.50 to C$15.00 in a research note on Friday, March 1st. TD Securities cut shares of Martinrea International from an "action list buy" rating to a "buy" rating and cut their target price for the stock from C$21.00 to C$19.00 in a report on Friday, March 1st. CIBC cut their target price on shares of Martinrea International from C$20.00 to C$18.00 and set an "outperform" rating on the stock in a report on Friday, March 1st. Finally, Raymond James cut their price target on shares of Martinrea International from C$20.00 to C$18.00 and set an "outperform" rating on the stock in a report on Friday, March 1st. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of C$18.21.

Martinrea International Trading Down 2.1 %

The stock has a 50-day simple moving average of C$12.57 and a two-hundred day simple moving average of C$12.78. The company has a debt-to-equity ratio of 83.83, a quick ratio of 0.68 and a current ratio of 1.16. The firm has a market cap of C$861.88 million, a PE ratio of 5.72, a price-to-earnings-growth ratio of 0.82 and a beta of 2.29.

Martinrea International (TSE:MRE - Get Free Report) last posted its quarterly earnings results on Thursday, February 29th. The company reported C$0.37 earnings per share for the quarter, missing the consensus estimate of C$0.42 by C($0.05). The business had revenue of C$1.30 billion during the quarter, compared to the consensus estimate of C$1.19 billion. Martinrea International had a return on equity of 10.81% and a net margin of 2.88%. As a group, sell-side analysts anticipate that Martinrea International Inc. will post 2.2301741 EPS for the current year.

Martinrea International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Sunday, March 31st will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $0.20 annualized dividend and a yield of 1.81%. Martinrea International's payout ratio is presently 10.36%.

Insider Activity at Martinrea International

In related news, Director Frank Patrick D'eramo purchased 22,200 shares of the firm's stock in a transaction that occurred on Friday, March 8th. The shares were bought at an average price of C$8.88 per share, for a total transaction of C$197,047.20. In other Martinrea International news, Senior Officer Alfredo Alonso acquired 7,490 shares of the business's stock in a transaction on Monday, March 18th. The shares were bought at an average price of C$8.70 per share, with a total value of C$65,163.00. Also, Director Frank Patrick D'eramo acquired 22,200 shares of the business's stock in a transaction on Friday, March 8th. The stock was acquired at an average cost of C$8.88 per share, for a total transaction of C$197,047.20. In the last 90 days, insiders have purchased 38,353 shares of company stock worth $348,645. Company insiders own 15.10% of the company's stock.

Martinrea International Company Profile

Martinrea International Inc engages in the design, development, and manufacturing of engineered, value-added lightweight structures and propulsion systems worldwide. It offers lightweight structure products, including knuckles/control arms/links; subframes integral/fabricated products; complex assemblies; body structures; exterior trims; and trailer hitches.