Martinrea International (TSE:MRE) Issues Quarterly Earnings Results

Martinrea International (TSE:MRE) released its quarterly earnings results on Tuesday. The company reported C$0.61 earnings per share for the quarter, FiscalAI reports. Martinrea International had a net margin of 2.46% and a return on equity of 7.74%. The business had revenue of C$1.20 billion for the quarter.

Martinrea International Stock Performance

Shares of Martinrea International stock traded up C$0.07 during mid-day trading on Tuesday, hitting C$10.26. 76,903 shares of the stock were exchanged, compared to its average volume of 84,080. Martinrea International has a 12 month low of C$8.16 and a 12 month high of C$11.72. The company has a 50-day simple moving average of C$10.41 and a 200 day simple moving average of C$10.14. The company has a debt-to-equity ratio of 77.11, a quick ratio of 0.68 and a current ratio of 1.27. The company has a market capitalization of C$727.37 million, a P/E ratio of 6.33, a P/E/G ratio of 0.82 and a beta of 1.83.

Insider Buying and Selling at Martinrea International

In other Martinrea International news, insider Hany Morsy bought 4,400 shares of Martinrea International stock in a transaction dated Monday, June 15th. The stock was bought at an average cost of C$10.56 per share, with a total value of C$46,464.00. Following the completion of the acquisition, the insider directly owned 9,000 shares in the company, valued at approximately C$95,040. The trade was a 95.65% increase in their position. 11.31% of the stock is owned by insiders.

About Martinrea International

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. The company also provides metal forming and welding solutions. The largest end market for Martinrea’s products is in North America.