Martinrea International (TSE:MRE) Stock Passes Above Two Hundred Day Moving Average – What’s Next?

Martinrea International Inc. (TSE:MRE) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$10.21 and traded as high as C$10.29. Martinrea International shares last traded at C$10.23, with a volume of 102,643 shares trading hands.

Analysts Set New Price Targets

Separately, TD increased their target price on shares of Martinrea International from C$15.00 to C$16.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Martinrea International presently has an average rating of “Moderate Buy” and an average price target of C$13.83.

Martinrea International Trading Up 1.6%

The firm has a fifty day moving average price of C$10.31 and a 200-day moving average price of C$10.21. The company has a debt-to-equity ratio of 71.37, a current ratio of 1.23 and a quick ratio of 0.68. The company has a market capitalization of C$741.04 million, a P/E ratio of 6.19, a price-to-earnings-growth ratio of 0.82 and a beta of 1.81.

Martinrea International (TSE:MRE) last announced its earnings results on Tuesday, August 4th. The company reported C$0.61 earnings per share (EPS) for the quarter. The company had revenue of C$1.20 billion during the quarter. Martinrea International had a net margin of 2.60% and a return on equity of 7.89%. On average, equities research analysts anticipate that Martinrea International Inc. will post 2.4988962 earnings per share for the current year.

Insider Buying and Selling at Martinrea International

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

Martinrea International Company Profile

Martinrea International Inc is a leader in the development and production of quality metal parts, assemblies and modules, fluid management systems, and complex aluminum products focused primarily on the automotive sector. Martinrea currently operates in 56 locations in Canada, the United States, Mexico, Brazil, Germany, Slovakia, Spain, China, South Africa, and Japan. Martinrea’s vision is making lives better by being the best supplier we can be in the products we make and the services we provide.